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Isn't it the opposite of a bailout, given that the US gov't is seizing an ownership stake retroactively based on past grants/bailouts but giving no new money at
by mikepurvis 1y ago
Isn't it the opposite of a bailout, given that the US gov't is seizing an ownership stake retroactively based on past grants/bailouts but giving no new money at this time?
- wmf 1y agoThe CHIPS Act was the bailout; this is just replacing the previous profit sharing with equity.
- tester756 1y agoIt was very messy bailout then
- anon291 1y agoCHIPS act is a grant similar to a small business grant, not a bailout at all. It was intended to incentivize chip production in the United States and was available to any company manufacturing in the united states. It had no equity strings attached, as authorized by congress.