Mike Schmidt, the former CHIPS Program Office director, writes in The Financial Times that repealing the CHIPS Act risks U.S. national security, and that tariffs alone won’t revitalize domestic chip manufacturing. “In the case of the Chips Act, it can and should be a thing of the present,” Schmidt writes. Publicly traded companies in the space include AMD (AMD), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM), TSMC (TSM), and Texas Instruments (TXN).
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