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Bob Wells

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Jul 25, 2008
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Please elaborate and refresh my memory. This one largely involves the Intel Corp. and the manufacture of chips and chip fab equipment. The equipment manufacturer is probably Applied Materials.

KLA Corp., Applied Materials, Intel among expected beneficiaries of CHIPS Act, BofA says
I believe the difference is this one really never materialize and President Trump and Governor Scott Walker were touting the success. Went from a promise of 30k employees to around 1500. Had a lot of tax abatements and the like.
 

mputnal

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Nov 10, 2009
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Old Joe is kicking ass! You don't have to like the man but he is making it difficult for anyone to not admire his work. Let's Go Brandon now means "I may be old but I can kick trump's ass any day of the week and twice on Sunday" :) If you believe in Democracy vote for winners and dump the trumps...
 

mputnal

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Nov 10, 2009
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I just thought of a new definition for trump's "deCLASSified" meaning...the illegitimate, illegal and mentally ill actions of a man whose ego has no limits of destructive behaviors!
 

Leader of the Banned

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Apr 23, 2013
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Leader of the Banned

Beach Fanatic
Apr 23, 2013
4,094
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I believe the difference is this one really never materialize and President Trump and Governor Scott Walker were touting the success. Went from a promise of 30k employees to around 1500. Had a lot of tax abatements and the like.
CHIPS seem to be about a lot more than just creating jobs. It's about satisfying a fundamental crtical need.
 

Jimmy T

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Apr 6, 2015
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I work in the semiconductor industry. Most of the world's chips are manufactured overseas (TSMC, UMC, Samsung, SMIC, eyc). Global Foundries is also a player with mfg in the US and Europe, but their capacity and technology is limited. Intel mainly manufactures their own processors and FPGA (recall that they bought Altera), but they also use TSMC. They are trying to bring a foundry service online (IFS), but this is very challenging and they have not made any silicon for outside customers yet. Time will tell whether the Intel investments from the CHIPS act will improve the situation for us and the rest of the world.

China is the real worry for the global chip industry. They have control over many rare materials that are required by the industry, but the real threat is Taiwan, where TSMC and UMC are. In addition to trying to improve the china situation by bringing some domestic capacity to the US with the CHIPS act, the US has sanctions in place that prevent us and other friendly countries from selling cutting edge technology to Chinese semiconductor companies.

In summary, I think the goals of the CHIPS act are good for the US and the world. But it's implementation needs careful consideration and recipients of our tax dollars need to be held accountable for the investment or our tax dollars.
 
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