Breaking News: Trump Administration Set to Renegotiate Key Conditions of the CHIPS & Science Act

SYRACUSE, N.Y. — The I-Team has learned from Reuters that the Trump Administration might change some terms of the federal CHIPS & Science Act.

This 2022 law was important for boosting American chip manufacturing and has supported projects like Micron’s investment in the Town of Clay.

According to the report, these potential changes could delay payments to companies that have contracts through the CHIPS Act.

We spoke with Senator Kirsten Gillibrand and Representative John Mannion about what this could mean for Micron’s plans. Senator Gillibrand expressed her concerns, stating, “I hope it’s not true because that’s absurd. The CHIPS & Science Act is crucial for our national security and for bringing chip manufacturing back to the U.S.” She also mentioned the need for stakeholders to challenge any changes if necessary.

Freshman Congressman John Mannion, who has been involved in promoting related state legislation, is also wary. He said, “This law has already been negotiated. It works, and we need to proceed with it. I’m not aware of the specific proposed changes yet, but my job as a legislator is to ensure that our laws are effective for the American public and for our district.”

In the meantime, CNY Central has reached out to the journalists from Reuters for more details.