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Biden's Next Swindle: $50 Billion Dollar Chips for America Act

JGalt

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U.S. tech giants have joined the call for investing in U.S. microchip producers. The CHIPS for America Act seeks $50 billion in aid for domestic chip manufacturing.

In other words, he wants to further run up the debt by giving $50 billion to some of the wealthiest companies in the country, the same companies which sent the their microchip production overseas to begin with.

Can you say "Solyndra" 100 times?

"Some of the world's biggest chip buyers, including Apple, Microsoft and Google, are joining top chip-makers such as Intel to create a new lobbying group to press for government chip manufacturing subsidies.

The newly formed Semiconductors in America Coalition, which also includes Amazon Web Services, said Tuesday it has asked U.S. lawmakers to provide funding for the CHIPS for America Act, for which President Joe Biden has asked Congress to provide $50 billion."

Tech giants join call for investing in U.S. chip producers
 

Dekster

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So they will still import their chips from Asia and resell their tax credits for profits the way Tesla does.
 

Oddball

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U.S. tech giants have joined the call for investing in U.S. microchip producers. The CHIPS for America Act seeks $50 billion in aid for domestic chip manufacturing.

In other words, he wants to further run up the debt by giving $50 billion to some of the wealthiest companies in the country, the same companies which sent the their microchip production overseas to begin with.

Can you say "Solyndra" 100 times?

"Some of the world's biggest chip buyers, including Apple, Microsoft and Google, are joining top chip-makers such as Intel to create a new lobbying group to press for government chip manufacturing subsidies.

The newly formed Semiconductors in America Coalition, which also includes Amazon Web Services, said Tuesday it has asked U.S. lawmakers to provide funding for the CHIPS for America Act, for which President Joe Biden has asked Congress to provide $50 billion."

Tech giants join call for investing in U.S. chip producers
They're planning on throwing Taiwan to the CCP.
 

konradv

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U.S. tech giants have joined the call for investing in U.S. microchip producers. The CHIPS for America Act seeks $50 billion in aid for domestic chip manufacturing.

In other words, he wants to further run up the debt by giving $50 billion to some of the wealthiest companies in the country, the same companies which sent the their microchip production overseas to begin with.

Can you say "Solyndra" 100 times?

"Some of the world's biggest chip buyers, including Apple, Microsoft and Google, are joining top chip-makers such as Intel to create a new lobbying group to press for government chip manufacturing subsidies.

The newly formed Semiconductors in America Coalition, which also includes Amazon Web Services, said Tuesday it has asked U.S. lawmakers to provide funding for the CHIPS for America Act, for which President Joe Biden has asked Congress to provide $50 billion."

Tech giants join call for investing in U.S. chip producers
They're planning on throwing Taiwan to the CCP.
China, China, China...,
 

Dusty

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U.S. tech giants have joined the call for investing in U.S. microchip producers. The CHIPS for America Act seeks $50 billion in aid for domestic chip manufacturing.

In other words, he wants to further run up the debt by giving $50 billion to some of the wealthiest companies in the country, the same companies which sent the their microchip production overseas to begin with.

Can you say "Solyndra" 100 times?

"Some of the world's biggest chip buyers, including Apple, Microsoft and Google, are joining top chip-makers such as Intel to create a new lobbying group to press for government chip manufacturing subsidies.

The newly formed Semiconductors in America Coalition, which also includes Amazon Web Services, said Tuesday it has asked U.S. lawmakers to provide funding for the CHIPS for America Act, for which President Joe Biden has asked Congress to provide $50 billion."

Tech giants join call for investing in U.S. chip producers
And what happens if China stops shipments of chips? or chip producing parts and materials?
 
OP
JGalt

JGalt

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U.S. tech giants have joined the call for investing in U.S. microchip producers. The CHIPS for America Act seeks $50 billion in aid for domestic chip manufacturing.

In other words, he wants to further run up the debt by giving $50 billion to some of the wealthiest companies in the country, the same companies which sent the their microchip production overseas to begin with.

Can you say "Solyndra" 100 times?

"Some of the world's biggest chip buyers, including Apple, Microsoft and Google, are joining top chip-makers such as Intel to create a new lobbying group to press for government chip manufacturing subsidies.

The newly formed Semiconductors in America Coalition, which also includes Amazon Web Services, said Tuesday it has asked U.S. lawmakers to provide funding for the CHIPS for America Act, for which President Joe Biden has asked Congress to provide $50 billion."

Tech giants join call for investing in U.S. chip producers
And what happens if China stops shipments of chips?

Why would they do that? Between the profit they make from manufacturing them, and the embedded features they put in them to spy on you, they will keep supplying the world with their microchips.
 

Dusty

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U.S. tech giants have joined the call for investing in U.S. microchip producers. The CHIPS for America Act seeks $50 billion in aid for domestic chip manufacturing.

In other words, he wants to further run up the debt by giving $50 billion to some of the wealthiest companies in the country, the same companies which sent the their microchip production overseas to begin with.

Can you say "Solyndra" 100 times?

"Some of the world's biggest chip buyers, including Apple, Microsoft and Google, are joining top chip-makers such as Intel to create a new lobbying group to press for government chip manufacturing subsidies.

The newly formed Semiconductors in America Coalition, which also includes Amazon Web Services, said Tuesday it has asked U.S. lawmakers to provide funding for the CHIPS for America Act, for which President Joe Biden has asked Congress to provide $50 billion."

Tech giants join call for investing in U.S. chip producers
And what happens if China stops shipments of chips?

Why would they do that? Between the profit they make from manufacturing them, and the embedded features they put in them to spy on you, they will keep supplying the world with their microchips.
Why would china not do this as the chip shortage would shut down almost all of the American economy as chips are involved in everything
 

Penelope

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12% of the chips are made in the US.
Seventy-five percent of the world's chip manufacturing comes out of Asia, per the report, and China is positioned to become the largest chip producer by 2030.

Why the decline in the US? It became cheaper to build chip facilities in countries outside of the US. Those foreign governments offer more attractive financial incentives to construct semiconductor factories, like tax breaks and grants. There's also less regulation in places like Asia. On top of that, there aren't as many jobs in the US created to run such high-tech factories.

---------------------------------
50 billion will go to chip makers and that will take a couple years, for now the price of things go higher.

Its a good thing. Not a swindle.
 

Johnlaw

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Given the costs to build semiconductor factories and given the importance the semiconductor sector is to our national economy, our president once again on then right track to invest 50 billion dollars in this industry. If there is a criticism, it is that it‘s not nearly enough.
 
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Turtlesoup

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Given the costs to build semiconductor factories and given the importance the semiconductor sector is to our national economy, our president once again on then right track to invest 50 billion dollars in this industry. If there is a criticism, it is that it‘s not nearly enough.
shouldn't the companies profiting off the chips like Amazon be the ones to pony up the case for their business?
 

Colin norris

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U.S. tech giants have joined the call for investing in U.S. microchip producers. The CHIPS for America Act seeks $50 billion in aid for domestic chip manufacturing.

In other words, he wants to further run up the debt by giving $50 billion to some of the wealthiest companies in the country, the same companies which sent the their microchip production overseas to begin with.

Can you say "Solyndra" 100 times?

"Some of the world's biggest chip buyers, including Apple, Microsoft and Google, are joining top chip-makers such as Intel to create a new lobbying group to press for government chip manufacturing subsidies.

The newly formed Semiconductors in America Coalition, which also includes Amazon Web Services, said Tuesday it has asked U.S. lawmakers to provide funding for the CHIPS for America Act, for which President Joe Biden has asked Congress to provide $50 billion."

Tech giants join call for investing in U.S. chip producers

It was you hate filled repigs that cursed the Chinese about everything. Biden wants to make those chips here to stop them placing bugging devices all over the country. Think about it.
You'll do anything to ridicule Biden. You know nothing.
 

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