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> We'll build plants overseas if you don't give us CHIPS Act money is a great scheme The CHIPS act has provisions to help fund fabs in allies. This is why Bid
by alephnerd 2y ago
> We'll build plants overseas if you don't give us CHIPS Act money is a great scheme
The CHIPS act has provisions to help fund fabs in allies.
This is why Biden and Modi announced a Feb dedicated to US and Indian defense systems [0] at the QUAD summit as well as as the designation of the UAE as a "Major Defence Partner" along with India [1] which includes tech transfer conditions.
A significant portion of the CHIPS and IRA is set aside to help with subsidizing international allies tech and innovation ecosystems in order to ensure they don't lean towards China [2]
[0] - https://www.bloomberg.com/news/articles/2024-09-23/biden-modi-announce-plans-for-new-semiconductor-plant-in-india?embedded-checkout=true https://www.bloomberg.com/news/articles/2024-09-23/biden-mod...
[1] - https://www.reuters.com/world/us/harris-plans-raise-gaza-ceasefire-deal-meetings-with-uae-leader-2024-09-23/ https://www.reuters.com/world/us/harris-plans-raise-gaza-cea...
[2] - https://cset.georgetown.edu/publication/agile-alliances/ https://cset.georgetown.edu/publication/agile-alliances/
- Prbeek 2y agoThese designations are nothing but schemes to lock in major weapon buyers into the US MIC ecosystem.
- alephnerd 2y agoPartially, but defense is the biggest buyer for electronics - which is why the CHIPS Act and "Supply Chain Security" became a thing. For a number of commodity components, there was a heavy reliance on China due to low margins. Now there is a push to move those portions of the supply chain away to other partners.