“When I walked into this department, the United States of America had 2 percent of the market. We were producing 2 percent of the chips we need. And my objective when I leave is 40 percent. [Reaching roughly 40% domestic semiconductor production by the end of President Trump's current term, which would take north of $500 billion in local investment.]”
U.S. Secretary of Commerce
Resolves at the end of Trump's term (January 2029) on the share of U.S.-consumed chips produced domestically; analysts including AEI's Derek Scissors immediately called the goal unachievable in that window.