Moon Iron horse and golden spears appear on paper, the fire of the beacon burns in the pen.
Wen Tianyue
Iron Horse and Golden Goose on Paper, Beacon and War Flame in Pen
In today’s complex situation of international politics and science and technology industry intertwined, a heavy news instantly triggered widespread concern in all walks of life U.S. President Donald Trump explicitly stated that the chip bill should be repealed. This statement is like a thunderbolt on the ground, in the field of international politics and industrial development has set off huge waves, behind the hidden political game industry pattern changes and many other factors, urgent need to explore in depth.
In August 2022, then U.S. President Joe Biden signed the Chip and Science Act of 2022, which involves as much as $280 billion and aims to promote the booming development of the U.S. semiconductor industry and further consolidate its leading position in the global semiconductor market. The bill’s budgetary arrangements are divided into two key parts, on the one hand, invested about $ 52.7 billion in funding and $ 24 billion in investment tax credits to incentivize semiconductor companies to carry out research and development and manufacturing of chips on U.S. soil On the other hand, plans to invest about $ 200 billion in scientific research in the coming years, focusing on artificial intelligence, robotics, quantum computing and other cutting-edge technology areas. Biden regarded this bill as his own extremely important political legacy, and even labeled it and other related legislation as the most critical investment initiatives in the U.S. since Roosevelt’s New Deal.
However, on March 4, local time, Trump launched a scathing attack on the chip bill in a speech to a joint session of Congress. He sharply pointed out that the chip bill is just plain bad. We’ve given hundreds of billions of dollars to semiconductor manufacturers, and it’s been completely futile. They get the money, but they don’t see any real action. Trump strongly favored repealing the bill and suggested that GOP House Speaker Johnson use the remaining funds for debt reduction. Johnson agreed and gave a standing ovation on the floor.
Trump’s advocacy is not without reason, and there are deep strategic considerations behind it. From an industrial policy perspective, Trump believes that we don’t need to give companies huge sums of money, implying that he feels that through the clever use of tariffs, it will be enough to attract semiconductor companies to set up factories in the United States. He advocates high tariffs as an alternative to massive subsidies in an attempt to force industry back to the United States, rather than allowing companies to easily build factories in the United States on the basis of subsidies. But this idea is very different from the Biden administration’s concept of industrial support. Biden’s subsidy policy has been criticized by enterprises to share the fat, but actually trying to build a complete industrial chain from EUV lithography to advanced packaging. Trump’s tariff stick, it is very likely to prompt the global chip production capacity to accelerate the transfer to China, Southeast Asia and other regions, ultimately leading to the United States Manufacturing reflux plan completely failed.
In terms of personnel changes, local time on March 4, two internal sources familiar with the matter revealed that the U.S. Department of Commerce is responsible for regulating chip makers 39 billion U.S. dollars in manufacturing subsidies to the office, about one-third of the employees were fired this week. The employees, who were still in their probationary period, received their dismissal emails at around 14:00 EST on March 3 and were forced to leave the company at 16:00 EST. This move is most likely linked to Trump’s advocacy of repealing the chip bill. Many viewpoints believe that this is undoubtedly for the death of the subsidy program Timing, laying off these key personnel responsible for overseeing the implementation of the subsidy is very likely to trigger a bad situation in which companies take the money but do not do anything.
Analyzed from the political level, Trump’s move is seen by many as a heavy blow to Biden’s political legacy. Trump and Biden belong to different parties, there have always been many differences in political philosophy and policy direction. Trump has repeatedly disparaged the policies of the Democratic Party and Biden, and this time he proposed to repeal the chip bill, obviously with a strong color of partisan struggle. However, this kind of short-sighted political operation based on partisan struggle is very likely to bring serious negative impact on the long-term development of the U.S. technology industry.
However, the event of Trump’s attempt to repeal the chip bill may have a different impact on other countries.
Trump force to repeal the chip bill this event, whether it is on the U.S. domestic political ecology Technology industry development, or on the international semiconductor industry competition pattern, will have a far-reaching impact. In the future, whether this bill will be completely repealed under the game of all parties, or to be retained, undoubtedly worth our continued close attention.
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Disclaimer The article describes the process Pictures are from the Internet, this article is intended to advocate the positive energy of society, no vulgarity and other undesirable guidance. If it involves copyright or character infringement, please contact us in time, we will remove the content at the first time! If there is any doubt about the events of the part, contact us immediately after the deletion or make changes.
Source: Netease
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