Trump certainly isn’t happy with the US losing its chip dominance, but instead of blaming Taiwan solely, the President now says that it is a mishap of former administrations.
Trump Claims That The US Will Take Back A “Big Portion” Of The Chip Business; TSMC Deal Is Only The Start
With the coming of the new government in the US, the domestic chip industry has seen massive growth when it comes to companies like TSMC announcing expansion into the region simply to avoid the imposition of tariffs by the Trump administration. Moreover, we have seen domestic firms like Intel see all the political attention, mainly due to their importance to the US market, and now, speaking at the Oval Office, President Trump says that Intel’s reign under Andy Grove was where the US was a dominant force, and that such times are coming back soon.
Trump speaks from the Oval Office today:
– Realizes the important of chips to the world
– Says Andy Grove of Intel was a great man
– The chip business was stolen/taken from the USA by Taiwan.
– IMPORTANT: He blamed prior presidents and administrations for allowing it to… pic.twitter.com/LqhUX7n30O
— A2THEZ (@awakenowzone) March 7, 2025
You know, we used to have Intel and it was run by a man named Andy Grove. Andy Grove was a tough smart guy[…]. And then he died, and then there were series of people who didn’t know what they were doing and gradually lost the chip business. Now it’s almost exclusively in Taiwan. They stole it from us, took it from us.
I don’t blame them, I give them credit. I blame the people who were sitting in this seat, and they allowed it to happen[…]. We will be taking back a big portion of the industry.
Well, it seems like the Trump adminstration knows that the ultimate goal of the chip industry is to bring back production to the US, whether through political influence or any other means. We recently discussed how TSMC has planned to invest $165 billion into the US, building up five facilities in Arizona and a new R&D center, which indicates how determined the US government is right now to fuel domestic chip production.
Another interesting fact is that Trump has acknowledged that shifting global chip production to Taiwan isn’t by means of “stealing tech”; rather, it was a flaw of previous administrations. However, this looks to change, at least based on what we see in how the US government deals with chip companies like TSMC and Intel. However, it won’t be easy to take out the supply chain from Taiwan to the US since not only does it have financial implications, but it would require a complete technology transfer, one that the Taiwanese government won’t agree upon.
It would be interesting to see how the future pans out for the US chip industry; by the looks of it, firms like Intel will have a major role.
