CHIPS & Science Act a FAILURE - one year later, WHITE Lib MegaCorps Subsidies on hold

Bigdog

Bigdog

Harris - make America a 3rd world shithole
CHIPS & Science Act a FAILURE - one year later, WHITE Lib MegaCorps Subsidies on hold

"A year after President Joe Biden signed the CHIPS and Science Act into law, the U.S. semiconductor industry is still waiting on the windfall. The goal of the $52.7 billion package was to reshore the semiconductor supply chain in America, but so far, no funding set aside by the legislation has been awarded.Aug 9, 2023"

CHIPS Act: Semiconductor makers wait for checks one year on
CNBC


https://www.cnbc.com/2023/08/09/chips-act-semiconductor-makers-wait-for-checks-one-year-on.html
 
Bigdog said:
"A year after President Joe Biden signed the CHIPS and Science Act into law, the U.S. semiconductor industry is still waiting on the windfall. The goal of the $52.7 billion package was to reshore the semiconductor supply chain in America, but so far, no funding set aside by the legislation has been awarded.Aug 9, 2023"

CHIPS Act: Semiconductor makers wait for checks one year on
CNBC


https://www.cnbc.com/2023/08/09/chips-act-semiconductor-makers-wait-for-checks-one-year-on.html
Click to expand...

In May 2023, Applied Materials announced it would build a new collaborative advanced research and development center (distinct from traditional fabs) named the "EPIC Center", short for "Equipment and Process Innovation and Commercialization Center", by 2026, next to its existing facility in Sunnyvale, California. The first known CHIPS Act-linked investment in Silicon Valley, the EPIC Center is worth $4 billion and is projected to create 2,000 jobs
 
floridafan said:
In May 2023, Applied Materials announced it would build a new collaborative advanced research and development center (distinct from traditional fabs) named the "EPIC Center", short for "Equipment and Process Innovation and Commercialization Center", by 2026, next to its existing facility in Sunnyvale, California. The first known CHIPS Act-linked investment in Silicon Valley, the EPIC Center is worth $4 billion and is projected to create 2,000 jobs
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The rich white lib MegaCorps haven't received a dime of that gov't handout.
 
Bigdog said:
The rich white lib MegaCorps haven't received a dime of that gov't handout.
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As usual, you are fucking clueless.

In the one year since CHIPS was signed into law, companies have announced over $166 billion in manufacturing in semiconductors and electronics, and at least 50 community colleges in 19 states have announced new or expanded programming to help American workers access good-paying jobs in the semiconductor industry. In total, since the beginning of the Biden-Harris Administration, companies have announced over $231 billion in commitments in semiconductor and electronics investments in the United States. This week alone, the Department of Commerce announced the first round of grants under CHIPS to support the development of open and interoperable wireless networks, and the National Science Foundation and Departments of Energy, Commerce, and Defense announced progress toward establishing the National Semiconductor Technology Center, which will help advance America’s leadership in semiconductor research and development.

The Department of Commerce launched the first funding opportunity for the $39 billion in semiconductor manufacturing incentives provided in the Act just six months after CHIPS was passed. This funding opportunity covers funding for projects to construct, expand, or modernize facilities producing semiconductors and for projects that are making large investments in facilities to produce semiconductor materials and manufacturing equipment. As the Department assesses applications, economic and national security considerations will be key factors and the program will, among other objectives, aim to provide a supply of secure, national-security relevant semiconductors.
Already, the Department of Commerce has received more than 460 statements of interest from companies for projects across 42 states interested in receiving CHIPS funding to invest across the semiconductor value chain from manufacturing to supply chains to commercial R&D.
 
floridafan said:
As usual, you are fucking clueless.

In the one year since CHIPS was signed into law, companies have announced over $166 billion in manufacturing in semiconductors and electronics, and at least 50 community colleges in 19 states have announced new or expanded programming to help American workers access good-paying jobs in the semiconductor industry. In total, since the beginning of the Biden-Harris Administration, companies have announced over $231 billion in commitments in semiconductor and electronics investments in the United States. This week alone, the Department of Commerce announced the first round of grants under CHIPS to support the development of open and interoperable wireless networks, and the National Science Foundation and Departments of Energy, Commerce, and Defense announced progress toward establishing the National Semiconductor Technology Center, which will help advance America’s leadership in semiconductor research and development.
.
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Yet, you can't find a single article that says xyz white lib megacorp received X amount of dollars from the Bidencrats for chip manufacturing. :dunno:
 
Bigdog said:
Yet, you can't find a single article that says xyz white lib megacorp received X amount of dollars from the Bidencrats for chip manufacturing. :dunno:
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here is your OP, handjob

"so far, no funding set aside by the legislation has been awarded.Aug 9, 2023"

You are fucking wrong again. Do you ever get tired of losing?
 
floridafan said:
here is your OP, handjob

"so far, no funding set aside by the legislation has been awarded.Aug 9, 2023"

You are fucking wrong again. Do you ever get tired of losing?
Click to expand...

And you have been unable to refute that. :dunno:
 
US companies seize worldwide semiconductor trade with over thirteen times more market share than China
RAHUL VERMAAPR 6, 2022, 14:31 IST
Unsplash
The US had 54 percent of the total worldwide IC market in 2021.
China holds 4 percent of the global semiconductor market share.
Experts say that the United States is likely to hold the majority till 2025.


The United States captures the global IC market share with 54 percent in 2021. While the US holds the majority of shares, the rest of the share is split into south Asian countries consisting of South Korea having the second-highest 22 percent share followed by Taiwan, Japan and China. Except for the US and South-East Asian dominance, the European countries have a 6 percent share.

In comparison to the US holding lion's share, China has only 4 percent of the global semiconductor market share, as per IC Insights. Here’s what the list looks like-"

https://www.businessinsider.in/tech...ket-share-than-china/articleshow/90682632.cms
 
Bigdog said:
"A year after President Joe Biden signed the CHIPS and Science Act into law, the U.S. semiconductor industry is still waiting on the windfall. The goal of the $52.7 billion package was to reshore the semiconductor supply chain in America, but so far, no funding set aside by the legislation has been awarded.Aug 9, 2023"

CHIPS Act: Semiconductor makers wait for checks one year on
CNBC


https://www.cnbc.com/2023/08/09/chips-act-semiconductor-makers-wait-for-checks-one-year-on.html
Click to expand...

Bogdog proving once again that conservatives can't read entire articles but rely on headlines for their news.

“We will start to give out the money later this year,” said Secretary of Commerce Gina Raimondo. “We’re pushing the team to go fast, but even more important, to get it right.”
...
The Department of Commerce has hired 140 staff members tasked with evaluating CHIPS Act applications, and officials are in active talks with many of the potential recipients, according to a senior department official.
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Is the government supposed to hand out money without vetting the companies they are giving the money to?
 
Poor Richard Saunders said:
Bogdog proving once again that conservatives can't read entire articles but rely on headlines for their news.
Click to expand...


As usual, thanks for proving me correct, Dick. :thup:


Is the government supposed to hand out money without vetting the companies they are giving the money to?
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Well, that is what they usually do. :dunno:

The chips act was marketed as a national emergency, dire and immediate. The only thing the politburo is vetting, is what bribes they are getting.

It is a failure on so many levels.
 
Bigdog said:
"A year after President Joe Biden signed the CHIPS and Science Act into law, the U.S. semiconductor industry is still waiting on the windfall. The goal of the $52.7 billion package was to reshore the semiconductor supply chain in America, but so far, no funding set aside by the legislation has been awarded.Aug 9, 2023"

CHIPS Act: Semiconductor makers wait for checks one year on
CNBC


https://www.cnbc.com/2023/08/09/chips-act-semiconductor-makers-wait-for-checks-one-year-on.html
Click to expand...

It takes time to build fabs n stuff. Ofc it would help to get the funding to do so.
 
CHIPS & Science Act a FAILURE - one year later, WHITE Lib MegaCorps Subsidies on hold

Bigdog said:
"A year after President Joe Biden signed the CHIPS and Science Act into law, the U.S. semiconductor industry is still waiting on the windfall. The goal of the $52.7 billion package was to reshore the semiconductor supply chain in America, but so far, no funding set aside by the legislation has been awarded.Aug 9, 2023"

CHIPS Act: Semiconductor makers wait for checks one year on
CNBC
Click to expand...

At not one point in the linked article does it call the act a failure.

“We will start to give out the money later this year,” said Secretary of Commerce Gina Raimondo. “We’re pushing the team to go fast, but even more important, to get it right.”

“Once it’s up and running and operational, the company can sustain the business with no further government support,” Robinson said. “it’s just that extreme amount of cost and time that it takes to get the facility built,” that requires government help.

Bigdogshit is one of the worst fucking liars around here.
 
Bigdog said:
"A year after President Joe Biden signed the CHIPS and Science Act into law, the U.S. semiconductor industry is still waiting on the windfall. The goal of the $52.7 billion package was to reshore the semiconductor supply chain in America, but so far, no funding set aside by the legislation has been awarded.Aug 9, 2023"

CHIPS Act: Semiconductor makers wait for checks one year on
CNBC


https://www.cnbc.com/2023/08/09/chips-act-semiconductor-makers-wait-for-checks-one-year-on.html
Click to expand...

Name something that hasn't been a failure with Joke Bribem...
 
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