The CHIPS Act is providing funding and tax breaks for multiple semiconductor makers to build new plants and R&D facilities on US soil. But President-elect Trump has said that's the wrong way to get manufacturers back.

As we look ahead to the second Trump administration, comments he made on a podcast about the CHIPS and Science Act caused a huge reaction in the semiconducter industry. Arizona has been a key focus of international investment thanks to the act.

The CHIPS and Science Act might be in danger under the 47th President of the United States of America, and that might scare some businesses.

Plus: A premium minimum wage for Malaysian datacenter workers; N Koreans maybe discover spicy content; S Korea fines Meta for data misuse, and more Asia In Brief Taiwanese silicon wafer provider GlobalWafers said last week it expects its award from the CHIPS and Science Act to continue,