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Trump will kill CHIPS Act by gutting NIST employees
- NIST to lose 100's of mainly CHIPS Act people - If no people are left to administer CHIPS Act it dies by default - Following USAID play book to kill an unwanted program - Using the
All National Institute of Standards and Technology probationary employees are bracing to be fired imminently, sources familiar with the matter told Axios. Why it matters: The Trump administration’s cuts across the federal government are gutting agencies tasked with testing leading-edge AI technology and boosting domestic semiconductor development and manufacturing. The stocks As we stated in our most recent note, the gutting of the CHIPS Act will add to the headwinds that the semiconductor industry is already facing going into 2025.
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