Since assuming office, U.S. President Trump has consistently adhered to the slogans of "America First" and "Repatriating Manufacturing to America," often resorting to the imposition of tariffs. Initially, the semiconductor industry showed optimism about relocating its operations back to the United States. However, Trump's current policies are now casting a cloud of uncertainty over the potential prosperity of this crucial industry. Specifically, Trump has expressed dissatisfaction with the CHIPS and Science Act, arguing that subsidizing and offering tax incentives to overseas companies to establish factories in the U.S. is unwise. Instead, he favors leveraging tariff measures to coerce these companies into voluntarily investing in the U.S. This stance could potentially impede the effective implementation of the CHIPS Act and adversely impact the localization efforts of the U.S. semiconductor industry.
