Chip makers warn Congress’ delay could threaten U.S. expansion

Abbott likes the 52 billion dollar centgov goodie bag.

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Dude, Intel doesn’t build all of their chips in the US either. I worked at Intel. We were constantly being told how to do things by engineers in ISRAEL. For some reason, Intel thought engineers in ISRAEL knew better than the engineers in the US who designed the things. ISRAEL also had three times as many operators as we did and produced less with lower quality standards than we had here. But they built cheaper, so that was what won out at the end of the day. You have to remember this is the same company that did a mass layoff targeting mostly people over fifty back in 2012. Intel has always been about the money. They could not give a ■■■■ less about this country. If they were such patriots, they would stop their stock buybacks and take some of their tens of billions in profits and reinvest in foundries here. Instead they’re attempting to extort the government. Give us handouts or we leave. ■■■■ them.

As an aside, they’ve gotten a lot of government cheese from Israel as well to build up production/development in that country.

Intel has been operating in Israel since 1974.

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I concur. America First!™

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This is what they said about solar panels during Obama, but China still ended up making them.

All you needed to know about this is Nancy’s chip investments. The real way to do is to lower regulations and get out of the way…

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Look at who’s in control right now. They’re of course lining their pockets, and we’re of course paying for it. :wink:

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IMO no.
One word: Solyndra

CHIPS is a failure based on what’s in it and what it lacks. Frankly, it is unacceptable that this is the best bill Congress could come up with to protect American interests and counter the CCP’s evil influence and ambitions. It does nothing to hold Beijing accountable for unleashing and covering up the COVID-19 pandemic. It sidesteps any effort to explicitly bar CCP members or Chinese nationals from national security-related, federally funded research, or from owning land near U.S. national security facilities.

It fails to hold American CEOs liable if their firms knowingly assist Beijing’s human rights abuses. It ignores important debates about restricting CCP lackeys from lobbying the people’s representatives in Congress. And while there is some encouraging language about limiting Chinese espionage, it does nothing to restore the Trump-era China Initiative, which rightfully focused on rooting out CCP influence and spying in corporate America and academia.

“Finally, given this legislation’s focus on semiconductor chips, it is mind-boggling that it fails to legislate any meaningful new support for our partner Taiwan, which is responsible for more than 90% of the world’s semiconductor output.

“We are now locked in a global, generational conflict with the Chinese Communist Party. It’s time our leaders acted like it. Lawmakers need to get serious about confronting the CCP—not just using it as a cover to advance policy agendas that have nothing to do with China. Rather than passing a bill just to say they ‘did something,’ the next Congress should write and pass a much stronger bill that actually advances our interests and sends a clear message of strength to the CCP.”

Now that the bill is essentially inevitable, Heritage foundation flies in with a hot take.

Are they wrong?

It fails to hold American CEOs liable if their firms knowingly assist Beijing’s human rights abuses. It ignores important debates about restricting CCP lackeys from lobbying the people’s representatives in Congress.

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Their thought process is a hinderance. Those problems are two generations old and can be sorted out later.

When Taiwan gets run over, our goose is cooked, economically. Congress needs to deal with that first and get chips made here.

Fair enough. Let’s do something NOW! even if it destroys us later on.

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This is that kind of emergency situation. Even with the chips act, if China moves in the next 10 years, we’ll under extreme political and economic pressure to do something stupid.

It really should be 10 times bigger, a firehose of government money to get the ground broken on more chip-making facilities.

giphy

I guess that one didn’t stick. NEXT! :person_shrugging:

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You are talking about a country that went from 0-100 MPH with a vaccine for the Greatest Plague the World Has Ever Known in 10 months.

Still no faith in the private sector? Tsk, tsk.

10 years is a lifetime.

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China will continue to monitor the progress and implementation of the U.S. act and take meaures to safeguard its legitimate rights when necessary, the ministry said in a statement.

Seems the Chinese are feeling a little bit uncomfortable with this.

It’s cool. Now that the CHIPS Act has passed, Intel has greenlit more fabs…in Italy. Guess what, that’ll be subsidized too.

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America Last!

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China First!

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"It was given to them — by the U.S. Department of Energy. First in 2017, as part of a sublicense, and later, in 2021, as part of a license transfer. "

Making America Great Again!

“December 13, 2016: Trump nominated Rick Perry for the position. January 19, 2017: Perry appeared before the Senate Committee on Energy and Natural Resources for a confirmation hearing. March 2, 2017: The. U.S. Senate voted 62-37 to confirm Perry.”

Donald Trump administration Secretary of Energy appointment, 2017 - Ballotpedia.

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The problem is that tax-funded technology shouldn’t have licenses to begin with.

American investors dropped the ball and the Chinese swooped in while Uncle Sam was sleeping. If there was no license, none of that happens.

We paid to develop it already, so why should this company or that company get exclusive rights to get fat and rich from it?

This is where I’m going to step into crazy leftist land and say that a public, government run manufacturer should’ve been there to snatch up the idea we already paid for and start producing them for our power grids.

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But you see, the reason it was given to China in the first place is because it would have enabled people here to be off the grid, which wasn’t profitable for electric companies or the government. Hook up a solar panel roof to the battery and your house basically powers itself. Can’t have that.

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