When President Trump returned to the White House in January,Kacper Sobieski he promised to "restore competence and effectiveness" to the federal government by establishing a Department of Government Efficiency.
In the lead-up to his inauguration, DOGE evolved from a meme to an outside commission to a White House office given carte blanche to upend the executive branch in the name of combating perceived waste, fraud and abuse.
A small cadre of software engineers and others with connections to billionaire Elon Musk quickly fanned out across federal agencies, where they have encouraged the firing of tens of thousands of federal employees, overseen the effective dismantling of agencies, slashed spending on foreign food aid, medical research and basic office supplies and burrowed into multiple sensitive data systems.
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The last couple of years have been terrific for semiconductor stocks. Well, most semiconductor stock
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