Top microchip makers are postponing their expansion into the U.S. and setting up shop in Israel and Russia due to equity caveats that are required for them to receive grants from the U.S. government.
The Biden administration promised earlier this year that they would be handing out $39 billion in grants to encourage semiconductor manufacturing in the U.S.
Shortly after the announcement however, Intel announced they would be holding off on their Columbus factory, while Samsung also delayed their facility in Texas.
Despite the billions in subsidies, two experts believe the tech companies' decision to back out of building manufacturing facilities in the U.S. stems from the diversity, equity and inclusion policy.
In an opinion piece for The Hill, CEO of Strive Asset Management Matt Cole and head of research at the company, Chris Nicholson, say the subsidies are so 'loaded with DEI that it can't move.'
LOL.....They have to provide daycare for the female construction workers they’re mandated to hire. No wonder they are rethinking!
DEI (DIE really) is a litmus test to see who goes along with the narrative. They are testing loyalty...like a proper communist.
I'm not sure there are enough helicopters to fix this.
It pays well though.
