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Trump purge hits Chips Act office, two-fifths of staff to be terminated | Two-fifths of the staff of the U.S. Chips Program Office are to be terminated, with 60 employees leaving today.
The gov't staff behind $52 billion chip program join the list of DOGE casualties
In response, companies including Intel and TSMC have pledged $400 billion in private investment in moving more of the supply chain to the U.S. Rather than rely on promising grants to companies, Trump seems to prefer leveling economic tariffs to push companies into moving into the U.S. Commerce Secretary Howard Lutnick claims this strategy is what secured today's announcement of TSMC's $100 billion new investment in the United States, which includes a pledge of three new U.S. fabs. “And now you’re seeing the power of Donald Trump’s presidency because TSMC, the greatest manufacturer of chips in the world, is coming to America with a $100 billion investment.
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