Report: Texas stands to lose thousands of jobs, billions in investment if Trump repeals CHIPS Act

Texas could lose 15,000 high-paying jobs and $4.7 billion in investment if Congress acts on President Donald Trump's request to repeal the bipartisan, Biden-era CHIPS and Science Act, data compiled by the Democratic National Committee shows. The DNC shared its report with the Current in the wake of Trump's marathon address to Congress on Tuesday. During the speech, the president called on House Speaker Mike Johnson to repeal the act, designed to shore up domestic production of semiconductor chips.