A federal funding freeze ordered by the Trump administration — currently blocked by a federal judge — could roil a $52 billion semiconductor subsidy program if it’s allowed to proceed, according to people familiar with the matter.

Sen. Chuck Schumer accused Trump of unlawfully withholding funding approved by Congress, warning that the freeze could harm families and economic growth. Companies like GlobalFoundries and Micron, major CHIPS Act beneficiaries, are reviewing the order’s implications.

The federal funding freeze put forth by the Trump administration has put the CHIPs Act grants to semiconductor companies in "limbo," even if they are "likely to survive," Bank of America said. "Over $33.