WASHINGTON, DC — President Donald Trump said in a joint Congressional session he wanted to end the Chips Act.
“The world’s largest Taiwanese semiconductors are the most powerful in the world and have 97% of the incredible amount of markets. They announced a $165 billion investment to build the most powerful chips in the United States. They weren’t important to them.
Bipartisan law was passed during the Biden administration. The capital region has been selected as the national headquarters for semiconductor research and training.
Republican House Speaker Mike Johnson previously proposed to abolish the Chips Act in an interview with Syracuse. He later made those comments out, saying that the Chips Act was not on the agenda to be repealed.
More details: Senator Schumer announces final contract for Albany Nanotec
In a statement, Gov. Hochul addressed President Trump’s comments on the Chips Act on Tuesday night, calling for what she called a “fail” to deal with the affordable crisis.
Statement from Governor Hochul:
The president doubled his tariffs. This cost New York families over $1,200 each year, destroying our family’s farm. He called on Congress to abolish chips and science laws. This puts 50,000 jobs and a $100 billion investment in central New York. And he was surprisingly silent about health care – despite Congressional allies threatening to strip millions of New Yorkers of Medicaid coverage.
“But that’s not the way we do things here in New York. I’m fighting to pass a budget that focuses on affordability, lowers middle class taxes and triples child tax credits. No matter what nonsense comes out of Washington, I’ll continue to fight to get the money back in your pocket.
Additionally, Democrat Paul Tonko, who represents the NY-20, said Trump’s stance on the Chips Act was a “major issue” for his district.
“When I heard him say he’s going to undo Chips and Science Act, that’s a big problem for my district. In upstate New York, along with Malta’s Global Foundries, I helped Binghamton’s former IBM location with battery manufacturing.
