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Technology @lemmygrad.ml

☆ Yσɠƚԋσʂ ☆ @lemmygrad.ml

2y ago

US government doles out paltry $35 million of the $52 billion CHIPS Act, warns of possible delays in Intel and TSMC fab buildouts

www.tomshardware.com

US government doles out paltry $35 million of the $52 billion CHIPS Act, warns of possible delays in Intel and TSMC fab buildouts

Technology @lemmy.ml

☆ Yσɠƚԋσʂ ☆ @lemmy.ml

2y ago

US government doles out paltry $35 million of the $52 billion CHIPS Act, warns of possible delays in Intel and TSMC fab buildouts.

www.tomshardware.com /tech-industry/us-government-doles-out-paltry-dollar35-million-of-the-dollar52-billion-chips-act-warns-of-possible-delays-in-intel-and-tsmc-fab-buildouts

3 comments

At least half of this money is going straight to stock buybacks
- And thus will China eat Amerika's lunch for the rest of the generation
Raimondo is concerned that these environmental permitting processes take a long time, which she fears could halt construction for years. This issue gained prominence after her request to exempt federally-funded chip projects from such reviews was rejected by House Republicans. As a result, major projects by companies including Intel, Micron, TSMC, and Samsung that cost tens of billions of dollars are at risk of being slowed down by these reviews.
Thank you comrade republicans