Trump signs order to set up new entity to take over Bidens Chips Act program

Donald Trump signed an executive order on Monday setting up a new entity to take over the Chips Act program and speed up corporate investments in the US. The United States Investment Accelerator within the commerce department will oversee implementing the Chips and Science Act, a 2022 law that made $52.7bn in subsidies available for semiconductor chips manufacturing and production. Trump has repeatedly criticized the bipartisan Chips Act, signed by the former president Joe Biden in August 2022. Earlier in March he said US lawmakers should get rid of it and instead use the proceeds to pay debt. The new

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