Texas Republicans Defend CHIPS Act Against Trump's Repeal Push

Reps. McCaul and Cornyn emphasize the law's national security benefits and job creation as Trump calls for its removal.

The CHIPS Act, signed into law in 2022, provides $52 billion in funding and tax credits to boost U.S. semiconductor manufacturing and reduce reliance on Asian suppliers.
Former President Trump has criticized the act, calling it wasteful and proposing tariffs as an alternative to incentivize domestic production.
Texas Republicans Michael McCaul and John Cornyn, who were instrumental in the act's creation, argue that it bolsters national security and aligns with 'America First' policies.
The law has already driven $450 billion in private investment and funded multiple semiconductor manufacturing facilities in Texas, including projects by Samsung and Texas Instruments.
Analysts warn that repealing the act could shrink U.S. semiconductor market share below 10%, undermining economic and security interests.