The US Chip Program Is in Question If Trump Wins, Speaker Mike Johnson Suggests - Bloomberg

Mike Johnson

Photographer: Tom Williams/CQ Roll Call/Bloomberg

Republicans seek to “streamline” a law subsidizing American chip manufacturing, House Speaker Mike Johnson said, as he backtracked from saying they “probably will” try to repeal the program that’s generated $400 billion in promised company investments.

Johnson was responding to a question about his stance on the 2022 Chips and Science Act, after Republican presidential nominee Donald Trump last week called the program “so bad.” Asked whether he’d seek to repeal the law if Republicans took control of Congress and the White House, Johnson told reporters during a campaign stop in upstate New York on Friday that “I expect that we probably will, but we haven’t developed that part of the agenda yet.”