US chipmaking boom in doubt after Trump's election

C

Cypress

Well-known member

US chipmaking boom in doubt after Biden’s defeat​

Executives wary after president-elect Donald Trump criticised subsidy programme in Chips Act as a ‘bad’ deal.

Foreign semiconductor companies investing billions of dollars in the US now face an uncertain future — just two years after Congress triggered a boom in the sector by passing the Chips and Science Act to rebuild the country’s long-neglected chip manufacturing industry.

The impending return of Donald Trump to the White House has raised concerns that America’s pitch to become the best place in the world for chipmaking, and reduce its dependence on plants in Asia, could soon ring hollow.

Concerns rose over the future of the programme when the president-elect described the legislation — which includes a historic $39bn subsidy package and tax breaks — as “so bad” in an interview in October. It had won bipartisan support in 2022. Given the pace at which the commerce department has handled applications so far, company executives are wondering how many of the existing proposals will get a green light before the change in leadership in late January.

The Chips Act and its offer of large subsidies to foreign companies is a rarity in US industrial policy and underscores the strategic importance that the Biden administration placed on shifting critical supply chains back to the US. Its aim was to slow China’s progress in developing its own technological and military capabilities.

www.ft.com

US chipmaking boom in doubt after Biden’s defeat

Executives wary after president-elect Donald Trump criticised subsidy programme in Chips Act as a ‘bad’ deal
www.ft.com www.ft.com
 
There has been no boom.....there is a projected boom.....and we know all about projections in this dark age.
 
BTW the CHIPS Act was $280 billion, they are shoveling newly made dollars out the door....what it will buy in the end we shall see.
 
For instance $75 billion is for so-called loans.....which in this dark age tend to be changed into grants down the line.....so we have to assume that they will be.
 
Cypress said:

US chipmaking boom in doubt after Biden’s defeat​

Executives wary after president-elect Donald Trump criticised subsidy programme in Chips Act as a ‘bad’ deal.

Foreign semiconductor companies investing billions of dollars in the US now face an uncertain future — just two years after Congress triggered a boom in the sector by passing the Chips and Science Act to rebuild the country’s long-neglected chip manufacturing industry.

The impending return of Donald Trump to the White House has raised concerns that America’s pitch to become the best place in the world for chipmaking, and reduce its dependence on plants in Asia, could soon ring hollow.

Concerns rose over the future of the programme when the president-elect described the legislation — which includes a historic $39bn subsidy package and tax breaks — as “so bad” in an interview in October. It had won bipartisan support in 2022. Given the pace at which the commerce department has handled applications so far, company executives are wondering how many of the existing proposals will get a green light before the change in leadership in late January.

The Chips Act and its offer of large subsidies to foreign companies is a rarity in US industrial policy and underscores the strategic importance that the Biden administration placed on shifting critical supply chains back to the US. Its aim was to slow China’s progress in developing its own technological and military capabilities.

www.ft.com

US chipmaking boom in doubt after Biden’s defeat

Executives wary after president-elect Donald Trump criticised subsidy programme in Chips Act as a ‘bad’ deal
www.ft.com www.ft.com
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We are asking the world(including the US) to invest a trillion dollars into the USA, but trump wants to take away the stability that will make it a good bet.
 
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