As the Biden administration attempts to hand out and adjust CHIPS & Science Act funding to chipmakers, what is the commentary from President-elect Donald Trump and his incoming administration around boosting domestic semiconductor production?

Notably, the US is reportedly cutting Intel's (INTC) $8.5 billion chipmaking grant to below $8 billion as officials try to balance that with the $3.5 billion grant the company was awarded from the Pentagon.

"It's worth remembering that it was the first Trump administration that devised the concept of trying to incentivize firms to build more in the US, the CHIPS act was first discussed in Congress under the Trump administration, the first investment of TSMC (TSM) — the Taiwanese company in Arizona — was announced under the first Trump administration," Tufts University professor of International History Christopher Miller tells Julie Hyman and Josh Lipton.

"And so I wouldn't be surprised to see some small changes to the program. Specific grants might be amended, but the basic framework of trying to use financial incentives to get more chips made domestically, that's an idea the first Trump administration more or less came up with."

The Chip War: The Fight for the World's Most Critical Technology author weighs in on the future of tariff policies and import-export controls, especially those targeting China, under a second Trump administration

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This post was written by Luke Carberry Mogan.