[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/techloot.co.uk\/cryptocurrency\/core-technology-agendas-of-trump-and-harris-campaigns\/#BlogPosting","mainEntityOfPage":"https:\/\/techloot.co.uk\/cryptocurrency\/core-technology-agendas-of-trump-and-harris-campaigns\/","headline":"Core Technology Agendas of Trump and Harris Campaigns","name":"Core Technology Agendas of Trump and Harris Campaigns","description":"The CHIPS Act: Strategic Re-shoring of Semiconductor Production The CHIPS Act represents the Biden administration\u2019s flagship reform aimed at restoring semiconductor manufacturing to U.S. soil, backed by $39 billion in federal grants and subsidies, in addition to billions more for loans and R&D. Major players such as Intel, TSMC, Samsung, and Micron have qualified for…","datePublished":"2024-11-05","dateModified":"2025-03-09","author":{"@type":"Person","@id":"https:\/\/techloot.co.uk\/author\/andre\/#Person","name":"Andrej Kovacevic","url":"https:\/\/techloot.co.uk\/author\/andre\/","image":{"@type":"ImageObject","@id":"https:\/\/techloot.co.uk\/wp-content\/uploads\/2017\/06\/techloot-editor-150x150.jpg","url":"https:\/\/techloot.co.uk\/wp-content\/uploads\/2017\/06\/techloot-editor-150x150.jpg","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Tech Loot","logo":{"@type":"ImageObject","@id":"https:\/\/techlootio.wpengine.com\/wp-content\/uploads\/2018\/09\/techloot-footer-logo.png","url":"https:\/\/techlootio.wpengine.com\/wp-content\/uploads\/2018\/09\/techloot-footer-logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/techloot.co.uk\/wp-content\/uploads\/2024\/10\/Screenshot_1817.jpg","url":"https:\/\/techloot.co.uk\/wp-content\/uploads\/2024\/10\/Screenshot_1817.jpg","height":476,"width":848},"url":"https:\/\/techloot.co.uk\/cryptocurrency\/core-technology-agendas-of-trump-and-harris-campaigns\/","about":["Cryptocurrency"],"wordCount":772,"keywords":["#BigTech","#DigitalCurrency","#FederalRegulations","#Harris2024","#SocialMedia","#TechPolicy","#Trump2024","#USPolitics","AI","cryptocurrency"],"articleBody":"The CHIPS Act: Strategic Re-shoring of Semiconductor ProductionThe CHIPS Act represents the Biden administration\u2019s flagship reform aimed at restoring semiconductor manufacturing to U.S. soil, backed by $39 billion in federal grants and subsidies, in addition to billions more for loans and R&D. Major players such as Intel, TSMC, Samsung, and Micron have qualified for these incentives, and if successful, this initiative could enable the U.S. to generate nearly 28% of the global supply of advanced semiconductor chips by 2032, as opposed to the negligible share produced today.The Harris campaign views this as a vital step toward economic sovereignty and national security, citing the strategic importance of bolstering U.S.-based semiconductor production. In contrast, the Trump campaign has expressed some reservations. Trump recently critiqued the CHIPS Act as \u201cdeeply flawed,\u201d suggesting that his administration would review the initiative if elected. Though House Speaker Mike Johnson later clarified remarks about \u201creversing\u201d the Act, this exchange illustrates the potential for significant shifts in policy under a Trump-led administration.Cryptocurrency and Central Bank Digital Currency (CBDC) StancesThe Biden administration\u2019s approach to cryptocurrency has emphasized regulation, with the SEC taking an enforcement-heavy approach, resulting in multiple lawsuits. Yet, a well-defined regulatory framework delineating securities from commodities has been elusive, leaving the industry in a state of uncertainty.While both Trump and Harris have shown openness to digital currency, Trump has embraced the crypto sector more overtly. His campaign now accepts Bitcoin, Ether, and other prominent cryptocurrencies for donations, positioning digital currency as a hedge against the adoption of CBDCs. Trump has pledged to establish a strategic Bitcoin reserve, branding himself as the \u201cpro-crypto\u201d candidate and appealing to proponents of decentralized finance.Big Tech and Antitrust MovementsBoth campaigns have acknowledged the influence of Big Tech, with Trump\u2019s DOJ and FTC initially launching antitrust cases against Google and Meta. Under Biden, these efforts expanded, with additional antitrust actions targeting Amazon and Apple, along with a second case against Google. Recently, a judge\u2019s ruling that Google holds monopoly status has intensified speculation about potential corporate breakups.A Harris administration is expected to continue this antitrust scrutiny of major tech firms. Trump\u2019s approach, however, is more circumspect. While he stated he would \u201cdo something\u201d about Google\u2019s monopolistic power, he refrained from advocating for a breakup, cautioning that dismantling the company could disproportionately benefit international competitors, especially in China.Data Privacy and CensorshipTrump has supported the growth of alternative social media platforms but maintains a hardline stance against TikTok, a position mirrored across party lines due to concerns about Chinese data access. Recently, the Biden administration mandated that ByteDance, TikTok\u2019s parent company, divest its U.S. holdings by April 2025 or face a ban.A Trump administration would likely favor non-mainstream social media platforms while restricting foreign-based apps like TikTok, prioritizing national security concerns. Harris, while less vocal on alternative platforms, would likely adhere to Biden\u2019s current policy on privacy and censorship.Artificial Intelligence and Ethical OversightVice President Harris has demonstrated a proactive interest in Artificial Intelligence, calling it a \u201cmoment of significant potential\u201d at the 2023 Summit on AI Safety. The Biden administration\u2019s AI-focused executive order emphasizes advancing AI technology while incorporating safeguards, an approach the Harris administration is expected to maintain.Trump\u2019s stance diverges, as his campaign critiqued Biden\u2019s executive order for allegedly promoting \u201cradical\u201d ideals. The Trump camp advocates a more measured approach to AI, supporting its growth while protecting free speech and human well-being.Electric Vehicles (EV) and Sustainable IncentivesThe Biden administration\u2019s Inflation Reduction Act has catalyzed EV sales by introducing a $7,500 tax credit for qualifying electric vehicles. Harris would likely uphold this pro-EV stance, encouraging sustainable energy and reduced emissions.Trump, on the other hand, has voiced strong disapproval of battery-powered vehicles, proposing eased emissions limits and imposing a 60% tariff on Chinese imports, alongside a general 10-20% tariff on other imports. While this could hinder the availability of Chinese-made EVs, it might benefit U.S.-based manufacturers, including Tesla. It is worth noting Elon Musk\u2019s public support for Trump; Musk\u2019s influence could help moderate any policy that may directly harm the U.S. EV industry.Concluding ThoughtsThe landscape of U.S. technology policy hangs in the balance as voters prepare to decide between two starkly different visions. The Trump administration\u2019s deregulatory approach favors free-market dynamics, whereas Harris supports more rigorous oversight and targeted government interventions. As Election Day nears, it is essential for voters to consider how these differing tech strategies align with their personal beliefs and the future they envision for American innovation."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Cryptocurrency","item":"https:\/\/techloot.co.uk\/cryptocurrency\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Core Technology Agendas of Trump and Harris Campaigns","item":"https:\/\/techloot.co.uk\/cryptocurrency\/core-technology-agendas-of-trump-and-harris-campaigns\/#breadcrumbitem"}]}]