Trump calls for scrapping of Biden's $52bn signature CHIPS Act

President tells Congress that Japan and South Korea will partner on Alaska gas pipeline

20250305 Trump speech

U.S. President Donald Trump gestures as he delivers a speech to a joint session of Congress in Washington on March 4.  © Reuters

KEN MORIYASU and YIFAN YU

WASHINGTON/PALO ALTO, California -- U.S. President Donald Trump called for the cancellation of the $52 billion CHIPS Act, one of predecessor Joe Biden's signature tech policies, in his first address to Congress of his second term on Tuesday night.

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