While the incoming President is also expected to make competition with China and onshoring manufacturing a priority in his second term, there has been debate as to whether Trump and the Republican-led House would re-examine the CHIPS Act.
During his campaign for the White House, Trump publicly criticized the bill and its price tag, arguing instead that tariffs were a more effective strategy to onshore chip manufacturing. The President-elect also accused Taiwan of "stealing" U.S. chip business.
However, industry experts have told CNBC that they expect Trump to leave the policy mostly intact due to its bipartisan support in Washington.