Republican lawmakers on Wednesday said President Trump’s call for Congress to “get rid of” the 2022 CHIPS and Science Act, which provided $52 billion for the domestic semiconductor manufacturing industry, is dead on arrival on Capitol Hill. ...
“I think reconstituting domestic manufacturing of advanced semiconductors is a national security and economic imperative,” said Sen. John Cornyn (Texas), who was one of 17 Senate Republicans who voted for the law.
Cornyn noted that “the whole purpose of this was national security.”
“Because if there’s a disruption between Asia or Taiwan, to be more specific, and the United States, we would plunge into a depression and we wouldn’t be able to build advanced weapons or aircraft like the F-35,” he said.
The Texas senator said “the idea” for the law came from the first Trump administration, particularly then-Commerce Secretary Wilbur Ross and then-Secretary of State Mike Pompeo.
“I understand the president suggesting maybe there’s a better way to do this than use tax dollars as incentives … but I think the original bill was responsible [for] this trend [to bring] much greater investment here in the United States,” he added.
He said he’s open to “tweaks around the edges” but explained “the program that Congress passed — that money is essentially spent.”
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