COLUMBUS, Ohio (WCMH) -- The winning presidential candidate and his party have hinted at making changes that could directly alter the course for Intel's promised computer chip factory in New Albany. The 2024 general election follows shortly after Intel's third quarter earnings report dropped on Oct. 31. While the tech giant had better-than-expected income for the time period, it ultimately saw a net loss of over $16 billion. The New York Times noted this was the biggest loss Intel had ever reported in its five-decade existence, and it had quick effect; by Friday, the Associated Press reported that rival company Nvidia would be replacing Intel on the Dow Jones Index, a stock position the latter had held for more than two decades. With former President Donald Trump's projected return to the White House, more money problems may be on the way for Intel in a way that impacts the Ohio One project. On Nov. 1, a Citrus News reporter asked GOP Speaker of the House Mike Johnson if he would try to repeal the CHIPS and Science Act if Trump was elected and Republicans gained control of Congress. Johnson's reply: "I expect that we probably will." The speaker's comment followed Trump's appearance on "The Joe Rogan Experience," where he bashed the CHIPS Act as "so bad." Rather than its incentive-based program that will hand out billions to companies to build domestic semiconductor fabrication plants, the president-elect said he would prefer a series of tariffs to force chipmakers to build the U.S. factories. The CHIPS Act was so significant for Intel that it essentially held the promised Ohio chip factory hostage over the legislation's passage. Months after announcing plans to expand to New Albany in 2022, Intel announced it would delay the plant's groundbreaking as a direct result of the bill stalling in Congress. The gamble paid off for Intel, as President Joe Biden guaranteed the company billions in direct funding and loans to build semiconductor fabrication plants in Ohio, Arizona, New Mexico and Oregon. President Joe Biden speaks Sept. 9, 2022, at the Intel Ohio semiconductor fabrication plant groundbreaking ceremony in New Albany. Members of the Ohio State University marching band, who performed throughout the event, watch from beside his podium. (NBC4 Photo/Mark Feuerborn) Intel hasn't given any kind of indication as to what it would do in a scenario where CHIPS Act funding disappeared. But it still hasn't received the funding as of Wednesday, and losing it altogether would be the latest in a series of misfortunes for the computing giant, as it grapples with thousands of layoffs and a sunken stock price. The situation was previously set in motion by its second quarter earnings, which saw the company report a $1.61 billion loss. Earlier in the year, an Intel spokesperson also confirmed the Ohio plant would not be up and running by 2025, as originally forecasted in its "aggressive" timeline. When the delayed groundbreaking announcement went out in June 2022, Intel Ohio General Manager Jim Evers did tell NBC4 how the resulting plant would be different, dependent on receipt of the CHIPS Act money. "In order to be able to go fast, and we can do some great things and make that site the biggest manufacturing site for Intel, it can be bigger than this Arizona site, which is quite a dream for me, we need some help to do that," Evers said. "The CHIPS Act can help with that." There was some recent good news for the Intel Foundry division, which the New Albany plant is a part of. In September, CEO Pat Gelsinger said his company secured a deal to manufacture artificial intelligence chips for Amazon Web Services. Simultaneously, he also shared plans to spin off the foundry division into a subsidiary, meaning Ohio One may report to a separate company from Intel. Another indirect effect of the election could come from a suitor thinking about acquiring Intel. Sources said in October that Qualcomm -- whose Snapdragon processors power many Android smartphones -- approached Intel about a takeover. But Qualcomm then pumped the brakes on those plans, with sources noting it would wait until after the election to make a decision. It may be wary of past Trump administration hostility, which shot down a 2018 merger with Broadcom thanks to national security concerns.