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The Biden administration's signature legislation meant to boost semiconductor production and research in the US and ween the country off of its dependence on chips made overseas.During his address before a joint session of Congress on Tuesday, Trump called the CHIPS Act a \"horrible, horrible thing,\" and claimed that companies that have received funding aren't spending the cash.Trump has previously toyed with the idea of killing the CHIPS Act and levying tariffs on semiconductors built overseas as a means of forcing companies to bring manufacturing back to the US. But shuttering the legislation would also put Intel's plans to build out its manufacturing footprint in danger at a time when the company is attempting to set up a third-party foundry that would build chips for customers similar to TSMC.Intel, however, is in a precarious position, as reports indicate the Trump administration has proposed breaking out 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Nasdaq Is in a Correction – Here Are 2 Stocks You Can Buy on Sale Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2517994423","media":"Motley Fool","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517994423?lang=en_us&edition=fundamental","pubTime":"2025-03-05 17:18","pubTimestamp":1741166280,"startTime":"0","endTime":"0","summary":"A stock market correction is generally defined as a drop of 10% or more from a recent high.AMD has plunged sharply in recent months but could be an excellent long-term investment.Alphabet’s business looks strong and now could be a great opportunity to buy at a 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Despite strategic alliances, the company's stock price fell 11% over the past month, partly influenced by a broader market downturn where the Nasdaq Composite slid 1.5%. The semiconductor sector, including GFS, faced pressures like the newly imposed tariffs which could impact global trade. The company's recent earnings report revealing a decline in sales and an asset impairment charge also contributed negatively. Executive changes with Tim Breen's appointment as CEO signal potential shifts in corporate strategy amidst challenging economic conditions. The overall financial ecosystem is currently volatile with global policy shifts affecting firm outlooks, exemplified by the impact of retaliatory tariffs on multiple sectors. 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