The Trump administration is questioning the US CHIPS Act's efficacy, threatening to halt payments unless companies commit to expanding their investments significantly. An Executive Order announced the creation of the United States Investment Accelerator within the Department of Commerce to oversee investments in semiconductor manufacturing in the US. Secretary of Commerce Howard Lutnick plans to withhold grants to encourage larger commitments from companies. This move has sparked debate, particularly regarding TSMC's recent $100 billion commitment, which is largely pre-existing planning, and the importance of domestic R&D for semiconductor leadership, as noted by Pat Gelsinger.
“If you don’t have R&D in the US, you will not have semiconductor leadership in the US,” Gelsinger highlighted, emphasizing the importance of maintaining innovation domestically.
Secretary of Commerce Howard Lutnick has signaled intentions to withhold CHIPS Act grants unless companies significantly expand their projects, highlighting a push for private investment.
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