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> The CHIPS act was intended to help the likes of Intel and Micron, but the current admin has apparently blocked any further funding Chips act was a whole lot
by rapsey 1y ago
> The CHIPS act was intended to help the likes of Intel and Micron, but the current admin has apparently blocked any further funding
Chips act was a whole lot of hot air. It passed in 22 and intel did not receive any money from it until end of 24.
- chneu 1y agoBecause it was incentive based. Intel has to hit milestones to get funding. Everything Intel does takes years. Intel is also likely going to lose hundreds of millions in incentives from Oregon for failure to meet hiring objectives, but they have a while to do that.
- rapsey 1y agoVery little of the CHIPS act money actually got deployed. The only reporting on it blamed insane DEI requirements.