| ▲ | bootsmann a day ago |
| Are those plants still functional after CHIPS act was axed? I thought they mainly produce in Asia now. |
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| ▲ | petcat a day ago | parent | next [-] |
| Well first of all, the CHIPS Act was not "axed", it is federal law passed by an overwhelming bipartisan majority of the House and Senate. It would take a complete reversal of congress to repeal it and it's still very popular among both parties. Where do you get your information from? |
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| ▲ | bootsmann a day ago | parent | next [-] | | > Well first of all, the CHIPS Act was not "axed", it is federal law passed by an overwhelming bipartisan majority of the House and Senate. It would take a complete reversal of congress to repeal it and it's still very popular among both parties. DOGE cut basically all staff from the CHIPS Program Office, congress passed the money but Trump is choosing to turn it into a slush-fund the admin spends on industrial policy (such as buying a stake in Intel). Wolfspeed went into bankruptcy in part because the admin delayed CHIPS funding agreed by the previous admin [1] (it's unclear whether they received the grant now that they have left it). [1] https://www.ft.com/content/4aac09f9-19df-401a-9ab3-ef14a47bb... | | | |
| ▲ | a day ago | parent | prev [-] | | [deleted] |
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| ▲ | VWWHFSfQ a day ago | parent | prev [-] |
| > after CHIPS act was axed This is news to a lot of Americans! The 2022 CHIPS and Science Act is codified federal law. I think a lot of states (Arizona, Idaho, New York) would be very interested to learn that the funding for the infrastructure that they are already building has somehow gone poof. |
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| ▲ | voganmother42 an hour ago | parent [-] | | Intel is now partially government owned(10%), they got rid of some of the milestones. The current administration has been extremely poor about communicating changes as well as constantly yanking funding (or threatening to) for projects - the chances of funding going poof are higher than ever. |
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