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Congressman Riley responds to Trump's plan to remove CHIPs Act

The article from WBNG discusses Congressman Riley's response to former President Donald Trump's plan to remove the CHIPS Act. Trump has criticized the CHIPS Act, which provides subsidies to semiconductor companies to boost domestic production, arguing that it leads to corporate welfare and benefits foreign companies. In response, Congressman Riley, who represents a district with significant semiconductor industry presence, defended the Act. He emphasized its importance for national security, job creation, and economic growth in the U.S. Riley highlighted that the Act not only supports American manufacturing but also aims to reduce reliance on foreign semiconductor supply chains, particularly from China and Taiwan. He argued that repealing the Act would be detrimental to the U.S. economy and its technological competitiveness on the global stage.

Read the Full WBNG Article at:
[ https://www.wbng.com/2025/03/11/congressman-riley-responds-trumps-plan-remove-chips-act/ ]