Major upheaval in the chip industry! Trump calls for the repeal of the CHIPS Act and the cancellation of funding to reduce the deficit.

The new Trump administration has begun reviewing projects authorized under the Chips Act and has laid off about one-third of the staff responsible for the $39 billion manufacturing incentives office associated with the Chips Act.

cls.cnMar 5 13:45

Trump threatened to abolish the chip law: they took the money but did not spend it, it is better to use it to pay off debt.

Trump stated yesterday that USA lawmakers should abolish the Chips Act, which provides $52.7 billion in subsidies for Semiconductor manufacturing and production, and that this money should be used to pay off debt. Some officials expressed concerns and criticisms regarding Trump's remarks.

wallstreetcnMar 5 15:42

Express News | Trump stated that the USA should abolish the Biden administration's chip legislation. No funds from this chip legislation will be provided to chip manufacturers.

BreakingsMar 5 11:04

The US stock market's Technology Sector has had an unfavorable start to the year, but BMO offers advice: relying on this "selected strategy" can still achieve profits against the trend.

BMO suggests that investors consider adopting a "Growth at a Reasonable Price" (GARP) investment strategy, looking for well-performing stocks in the Technology Sector, as this strategy often performs well when the correlation among individual stocks decreases or is below average.

Zhitong FinanceMar 5 10:45

Tech Is Floundering – but 'Critical' Selectivity Can Still Offer You Outperformance – BMO

Seeking AlphaMar 5 03:51

CINNO Research: In 2024, the top 10 Global Semiconductor Equipment manufacturers' Semiconductor revenue Business is expected to grow by about 10% year-on-year.

According to the latest Global Semiconductors Equipment Industry Research Report released by CINNO IC Research, in 2024, the total revenue of the top 10 Global Semiconductors equipment companies will exceed 110 billion dollars, with a year-on-year growth of approximately 10%.

Zhitong FinanceMar 4 13:44