The Chips Act has been surprisingly successful so far. The US has now spent over half its $39bn in incentives. In so doing it has driven an unexpected investment boom. Chip companies have announced investments of $327bn and a stunning 15-fold increase in construction of manufacturing facilities.
https://www.ft.com/content/26756186-99e5-448f-a451-f5e307b13723
by mafco
2 comments
We gave billions in (borrowed) taxpayer money to Intel, and they used it to buy back their stock.
It’s been a disaster, not a success.
Our chip factory has been pushed back by a few months to a year. You’d think they’d want these things done sooner rather than later.