4 ms·

I don’t think it’s a coincidence that Intel announced the delay to the next presidential term.. The current administration is also hostile to the CHIPS act.. t

I don’t think it’s a coincidence that Intel announced the delay to the next presidential term.. The current administration is also hostile to the CHIPS act.. they’ve fired many of the administrators (the act is new enough that there were many probationary employers supporting it) and have told already-approved recipients that they are going to renegotiate the agreements. I’ve never seen such a self destructive administration..

BoxFour 2y ago
> I don’t think it’s a coincidence that Intel announced the delay to the next presidential election year.. The next presidential election is in 2028, not 2030
- Aurornis 2y ago
  Election in 2028, next president takes office in 2029, realistically 2030 is the earliest the CHIPS act and staff could be rebuilt. The people overseeing the CHIPS act have mostly been fired or flagged for firing. Many of them were in their “probationary” period because they were recent hires. The CHIPS act can’t be instantly restarted when the next president takes office. It has to be rebuilt. It has basically been sabotaged.
  - jorvi 2y ago
    That's one of the most frustrating things about the wrecking ball far right administrations going through America and parts of Europe right now. They're causing damage that will take 5-10 years to fix, so even if we get more sane administrations, the public will complain "why aren't we seeing any improvements" because all they can accomplish at first is cleaning out the rubble. Worst of all, it could become cycle. Trump / DOGE is basically doing a wholesale cleanse of left-leaning public sector employees at all levels, replacing them with yes men and cronies. A new administration will have to revert that, meaning firing and hiring and training people yet again. And an administration after that might try do undo that. What a quagmire. In general it's a classic that left-leaning governments fix various policy and economic problems, which often carries big cost, which gets them voted out, and then the fruits of that labor are claimed by / wrongfully attributed to rightist administrations.
    - shigawire 2y ago
      If you look at recent American history you will see this pattern has roughly already played out. If a main part of your platform is that government sucks, you have no incentive to un-suckify it. Starve the beast.
      - EasyMark 2y ago
        Meh, starve the beast is just another cliché of minds that want simple answers to complex issues. Life tariffs and Trump. He has no imagination. Anyway, government is the only thing that can stand up to the broligarchs and that's why Trump is doing is his best to destroy it. If you want a simple explanation for what's going on there it is.
    - marcosdumay 2y ago
      Yes, this is a very predictable failure mode of presidentialist governments.
- mikeyouse 2y ago
  Yeah typo on my part there, ty
  - kylebenzle 2y ago
    That's not what a "typo" is. A typo is a typing mistake, not a lack of knowledge or error in thinking.
    - mikeyouse 2y ago
      Appreciate your concern and pedantry - the typo was saying presidential election instead of administration. Believe it or not, I do know when the next election is.
    - DonHopkins 2y ago
      [flagged]
    - nthingtohide 2y ago
      If a person misattributes one thing, it is generally called as thinko.
      - DonHopkins 2y ago
        [flagged]
        nthingtohide 2y ago
        semanto? semantic mistakes
m3kw9 2y ago
And it’s only the end of Feb. it’s a massive shit show right now
- mikeyouse 2y ago
  I wonder how bad the recession has to be for these jokers to grow up or if they’re going to just double down on the face of it.
  - walthamstow 2y ago
    If you control the (social) media you can make a recession anybody's fault
    - mikeyouse 2y ago
      I think there are probably limits to that though.. when you control all branches of government and are making big splashy displays of firing tens of thousands of people and erecting big trade barriers - there really isn’t anyone else to (convincingly) blame.
      - redserk 2y ago
        Unfortunately this makes the assumption that logic and critical thinking skills are used when assigning blame. Instead, it’s a crude game of corralling people with emotions.
        deleted 2y ago
        [deleted]
      - voidfunc 2y ago
        You blame the Deep State
        gtirloni 2y ago
        Exactly. You tried your best but powerful shadow powers worked against you so you need even more power to fight them. And you know it may sound bad but things have to get worse before they get better. The population has to bear with you for just a bit more and you assure them you won't abuse any powers given to you, and if you do, it's because you were forced to. It's election day, you get re-elected, rinse and repeat until the next generation has no memory of it ever being different.
elephanlemon 2y ago
What’s still totally unclear to me is how much money Intel has actually received. If they got all of the 7.9 B, then I would assume it doesn’t matter to them if the act is cancelled? But it’s not clear to me how much has actually been paid out so far. https://www.cnbc.com/2024/11/25/intel-close-to-8-billion-chips-act-grant-source.html https://www.cnbc.com/2024/11/25/intel-close-to-8-billion-chi...
- fluidcruft 2y ago
  There's absolutely no way they already have all the $7.9b. That's not how government contracts and accounting works. DOGE/Trump can just slice whatever remains of the rest of the contract and then they'll bicker at each other in court for a decade until nobody cares anymore.
- Brybry 2y ago
  So from reading this[1] my understanding is the award for all four locations is $7.9B and for the Ohio project location specifically it's $1.5B However I couldn't find the awards (and thus outlays) on usaspending.gov. I think this[2] is the CHIPS act account and you can see some general outlays per year there but Intel isn't in any of the specific obligations listed. And even searching the award id or Intel in general as a recipient on the site didn't find obligations that matched. However, page 112 of this[3] 10-K filing has the direct funding agreement (with award id!) and a lot of info about how payments work but no payment amounts. Page 30 seems to say they received $1.1 billion of the $7.9 billion in 2024 and another $1.1 billion for 2025 but I'm not sure if I'm reading it correctly. [1] https://www.nist.gov/chips/intel-corporation-ohio-new-albany https://www.nist.gov/chips/intel-corporation-ohio-new-albany [2] https://www.usaspending.gov/federal_account/013-0520 https://www.usaspending.gov/federal_account/013-0520 [3] https://www.intc.com/filings-reports/all-sec-filings/content/0000050863-25-000009/0000050863-25-000009.pdf https://www.intc.com/filings-reports/all-sec-filings/content...
okonomiyaki3000 2y ago
[flagged]
- EasyMark 2y ago
  the way they are setting up Trump toadies in all the police apparatus and people aren't nervous is amazing to me.
rwyinuse 2y ago
Based on last few weeks I'll be genuinely surprised if there will be fair elections in 2028.
- mikeyouse 2y ago
  It’s a definite concern but fortunately elections are largely administered by the states so there’s at least a buffer between centralized authoritarians and the voting process.. That being said, I’m sure this DOJ is going to get up to all sorts of shenanigans with whoever is nominated.

BoxFour 2y ago

> I don’t think it’s a coincidence that Intel announced the delay to the next presidential election year.. The next presidential election is in 2028, not 2030

Aurornis 2y ago
Election in 2028, next president takes office in 2029, realistically 2030 is the earliest the CHIPS act and staff could be rebuilt. The people overseeing the CHIPS act have mostly been fired or flagged for firing. Many of them were in their “probationary” period because they were recent hires. The CHIPS act can’t be instantly restarted when the next president takes office. It has to be rebuilt. It has basically been sabotaged.
- jorvi 2y ago
  That's one of the most frustrating things about the wrecking ball far right administrations going through America and parts of Europe right now. They're causing damage that will take 5-10 years to fix, so even if we get more sane administrations, the public will complain "why aren't we seeing any improvements" because all they can accomplish at first is cleaning out the rubble. Worst of all, it could become cycle. Trump / DOGE is basically doing a wholesale cleanse of left-leaning public sector employees at all levels, replacing them with yes men and cronies. A new administration will have to revert that, meaning firing and hiring and training people yet again. And an administration after that might try do undo that. What a quagmire. In general it's a classic that left-leaning governments fix various policy and economic problems, which often carries big cost, which gets them voted out, and then the fruits of that labor are claimed by / wrongfully attributed to rightist administrations.
  - shigawire 2y ago
    If you look at recent American history you will see this pattern has roughly already played out. If a main part of your platform is that government sucks, you have no incentive to un-suckify it. Starve the beast.
    - EasyMark 2y ago
      Meh, starve the beast is just another cliché of minds that want simple answers to complex issues. Life tariffs and Trump. He has no imagination. Anyway, government is the only thing that can stand up to the broligarchs and that's why Trump is doing is his best to destroy it. If you want a simple explanation for what's going on there it is.
  - marcosdumay 2y ago
    Yes, this is a very predictable failure mode of presidentialist governments.
mikeyouse 2y ago
Yeah typo on my part there, ty
- kylebenzle 2y ago
  That's not what a "typo" is. A typo is a typing mistake, not a lack of knowledge or error in thinking.
  - mikeyouse 2y ago
    Appreciate your concern and pedantry - the typo was saying presidential election instead of administration. Believe it or not, I do know when the next election is.
  - DonHopkins 2y ago
    [flagged]
  - nthingtohide 2y ago
    If a person misattributes one thing, it is generally called as thinko.
    - DonHopkins 2y ago
      [flagged]
      - nthingtohide 2y ago
        semanto? semantic mistakes

m3kw9 2y ago

And it’s only the end of Feb. it’s a massive shit show right now

mikeyouse 2y ago
I wonder how bad the recession has to be for these jokers to grow up or if they’re going to just double down on the face of it.
- walthamstow 2y ago
  If you control the (social) media you can make a recession anybody's fault
  - mikeyouse 2y ago
    I think there are probably limits to that though.. when you control all branches of government and are making big splashy displays of firing tens of thousands of people and erecting big trade barriers - there really isn’t anyone else to (convincingly) blame.
    - redserk 2y ago
      Unfortunately this makes the assumption that logic and critical thinking skills are used when assigning blame. Instead, it’s a crude game of corralling people with emotions.
      - deleted 2y ago
        [deleted]
    - voidfunc 2y ago
      You blame the Deep State
      - gtirloni 2y ago
        Exactly. You tried your best but powerful shadow powers worked against you so you need even more power to fight them. And you know it may sound bad but things have to get worse before they get better. The population has to bear with you for just a bit more and you assure them you won't abuse any powers given to you, and if you do, it's because you were forced to. It's election day, you get re-elected, rinse and repeat until the next generation has no memory of it ever being different.

elephanlemon 2y ago

What’s still totally unclear to me is how much money Intel has actually received. If they got all of the 7.9 B, then I would assume it doesn’t matter to them if the act is cancelled? But it’s not clear to me how much has actually been paid out so far. https://www.cnbc.com/2024/11/25/intel-close-to-8-billion-chips-act-grant-source.html https://www.cnbc.com/2024/11/25/intel-close-to-8-billion-chi...

fluidcruft 2y ago
There's absolutely no way they already have all the $7.9b. That's not how government contracts and accounting works. DOGE/Trump can just slice whatever remains of the rest of the contract and then they'll bicker at each other in court for a decade until nobody cares anymore.
Brybry 2y ago
So from reading this[1] my understanding is the award for all four locations is $7.9B and for the Ohio project location specifically it's $1.5B However I couldn't find the awards (and thus outlays) on usaspending.gov. I think this[2] is the CHIPS act account and you can see some general outlays per year there but Intel isn't in any of the specific obligations listed. And even searching the award id or Intel in general as a recipient on the site didn't find obligations that matched. However, page 112 of this[3] 10-K filing has the direct funding agreement (with award id!) and a lot of info about how payments work but no payment amounts. Page 30 seems to say they received $1.1 billion of the $7.9 billion in 2024 and another $1.1 billion for 2025 but I'm not sure if I'm reading it correctly. [1] https://www.nist.gov/chips/intel-corporation-ohio-new-albany https://www.nist.gov/chips/intel-corporation-ohio-new-albany [2] https://www.usaspending.gov/federal_account/013-0520 https://www.usaspending.gov/federal_account/013-0520 [3] https://www.intc.com/filings-reports/all-sec-filings/content/0000050863-25-000009/0000050863-25-000009.pdf https://www.intc.com/filings-reports/all-sec-filings/content...

okonomiyaki3000 2y ago

[flagged]

EasyMark 2y ago
the way they are setting up Trump toadies in all the police apparatus and people aren't nervous is amazing to me.

rwyinuse 2y ago

Based on last few weeks I'll be genuinely surprised if there will be fair elections in 2028.

mikeyouse 2y ago
It’s a definite concern but fortunately elections are largely administered by the states so there’s at least a buffer between centralized authoritarians and the voting process.. That being said, I’m sure this DOJ is going to get up to all sorts of shenanigans with whoever is nominated.