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> The US doesn't want domestic chip production Wasn't the entire point of the CHIPS Act to "authorize roughly $280 billion in new funding to boost domestic res
by verteu 3y ago
> The US doesn't want domestic chip production
Wasn't the entire point of the CHIPS Act to "authorize roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States, for which it appropriates $52.7 billion" including "$39 billion in subsidies for chip manufacturing on U.S. soil"?
https://en.wikipedia.org/wiki/CHIPS_and_Science_Act https://en.wikipedia.org/wiki/CHIPS_and_Science_Act
edit: I see -- The point of the article is that Congress's goal has been hindered "on the ground" by conflicts with construction unions, negotiations over profit-sharing with the US government, and environmental regulations that slow construction.
- WarOnPrivacy 3y ago> Wasn't the entire point of the CHIPS Act to America has a huge number of interests. CHIPS is well announced but it's separate and apart from most of those interests. CHIPS is what we say we want.
- kevin_thibedeau 3y agoIt's a subsidy to prop up critical defense manufacturing. It will be of little benefit for consumer goods. It makes no sense to give Micron a new fab in the midst of layoffs with no prospect for future growth. It makes a lot more sense considering that Boise is an easier target for China than Syracuse.