On March 10th, Kuai Technology reported that the "Chip Act" signed by Biden had undergone a large-scale revision after Trump took office, which also means that the plan will be completely abolished.

Michael Grimes was a former Morgan Stanley banker and has now been appointed by Trump to lead a team responsible for cutting the Office of the Chip and Science Act in the US Department of Commerce.

Previously, there were reports that the White House would lay off 40% of the team members who had promoted the former government's key semiconductor strategy. According to the latest report, the Trump administration only plans to retain 5 probationary employees in the office, but due to resistance from other personnel, this number has risen to 22.

It is reported that Trump opposed this policy during his presidential campaign and tended to push chip manufacturers to build factories in the United States through tariffs.

President Trump's imposition of tariffs on semiconductors seems to be forcing companies to relocate their manufacturing bases to the United States. TSMC has just announced an additional investment of $100 billion in the United States, following plans to invest $65 billion in a wafer fab in Arizona.

In addition, Trump stated that Apple will invest $500 billion to establish manufacturing plants in the United States, and companies such as OpenAI and Oracle will also invest $500 billion to build AI data centers.

In addition, industry insiders have stated that although there is a gap between China and the United States in cutting-edge chips, the scale and manufacturing of China's semiconductor industry chain are making the United States aware of the seriousness of the problem, so they are forcing these semiconductor companies to return to the United States and increase their manufacturing return.