President Donald Trump previously criticized the CHIPS and Science Act, leading to speculation over whether the law could be repealed or tweaked under the new administration.

Within hours of his inauguration, President Donald Trump issued an executive order suspending the enforcement of a TikTok ban that had taken effect the previous day. The move tossed a lifeline to TikTok -- and its 170 million users in the United States.

In an effort to save TikTok, President Donald Trump, who has gained 15 million followers on the app since last year, is pressuring China to sell half the company to the United States.

TikTok, one of the most popular social media platforms in the United States, has a little more than three months to reach a deal divesting it of Chinese ownership before it goes dark. The app boasts roughly 170 million monthly active users across the country but faces extinction by May if it fails to sell