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#ChipsAct

2 posts2 participants0 posts today
Public
Benjamin Carr, Ph.D. 👨🏻‍💻🧬

Trump says he told #TSMC it would pay 100% #tariff if it doesn't build in #US
The company plans to spend $200 billion on its U.S. manufacturing site, according to President Trump. He also denounced a $6.6 billion financial package provided to TSMC to build fabs in Arizona under the #CHIPSAct enacted by the former President Joe Biden, arguing it was unnecessary.
reuters.com/world/us/trump-say

Public
Benjamin Carr, Ph.D. 👨🏻‍💻🧬

#US #CHIPSAct Getting Scrapped By Trump Administration Now Looks Imminent; Over 80% of Staff Laid Off, Courtesy of #Elon’s #DOGE
The CHIPS Act, introduced under the Biden administration, was seen as the first step by the US to restore its status as the dominant #semiconductor country. The primary aim of the incentive was to bring chip production to the country, and with it, we saw the likes of #TSMC, #Intel, and many others opening up new facilities in the region.
wccftech.com/us-chips-act-gett

Wccftech · US CHIPS Act Getting Scrapped By Trump Administration Now Looks Imminent; Over 80% of Staff Laid Off, Co…Well, it seems like the US's CHIPS Act incentive might just see its demise, as it is claimed that the brains behind it have left.
Public
Benjamin Carr, Ph.D. 👨🏻‍💻🧬

Repealing the #CHIPSAct could dramatically shrink #US chip market share, analysts say
What’s at Stake as Trump Looks to Scrap the CHIPS Act
CHIPS Act spurred nearly $450B in commitments to build factories on US soil, amounting to almost $10 of private sector investment for every $1 spent by gov. Even so, Trump has complained that program is a waste of taxpayer money, telling Congress it’s a “horrible, horrible thing” imploring lawmakers to repeal.
bloomberg.com/news/articles/20
archive.ph/9ASrH

Public
Benjamin Carr, Ph.D. 👨🏻‍💻🧬

#ElonMusk ally, #MichaelGrimes, a former Morgan Stanley banker, leading #CHIPSAct office purge — only 14% of original staff remain after dismissals
CHIPS Act is largely disbursed, so we don’t expect any more companies to receive awards through the CHIPS Act. How Washington will disburse the billions of dollars that were already awarded to various companies but haven’t been released yet will ultimately become the work of remaining 22 staffers left in the CHIPS Act office
tomshardware.com/tech-industry

Tom's Hardware · Elon Musk ally leading CHIPS Act office purge — only 14% of original staff remain after dismissalsBy Jowi Morales
Replied in thread
Public
Ferdi Magellan

@hkrn

I’m concerned where the #USA is heading.

Despots often shut down education and murder the scholars and teachers.

It’s not going to end well.

The #ChipsAct

“The act authorizes roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States, for which it appropriates $52.7 billion.

“The act includes $39 billion in subsidies for chip manufacturing on U.S. soil along with 25% investment tax credits for costs of manufacturing equipment, and $13 billion for semiconductor research and workforce training, with the dual aim of strengthening American supply chain resilience and countering China.

“It also invests $174 billion in the overall ecosystem of public sector research in science and technology, advancing human spaceflight, quantum computing, materials science, biotechnology, experimental physics, research security, social and ethical considerations, workforce development and diversity, equity, and inclusion efforts at NASA, NSF, DOE, EDA, and NIST.” ~Wikipedia

#USPol#Technology#Science
Public
Global Threads

🇺🇸 US
🔴 Trump Announces Tariffs on Imported Chips & Semiconductors

🪧 Tariffs aim to boost U.S. manufacturing, replacing CHIPS Act subsidies.

🪧 New rates could raise laptop prices 46%, smartphones 26%, per a CTA report.

🪧 Trump praised DeepSeek’s low-cost AI as “positive” while OpenAI eyes $500B in U.S. AI infrastructure.

#Trump#CHIPSAct#Tariffs
Public *
Rich Stein (he/him)

This is really something —
"A Peterson Institute study found that spending on the construction of US computer and electronics manufacturing facilities had 'skyrocketed' in the last two years, with more electronics construction proceeding in 2024 than in the two previous decades."

Uncertainty over the future direction of the US under the next administration may jeopardize all that.
ft.com/content/e478dd6c-6dad-4
#ChipsAct #tech #techology #USeconomy #economy #USpol #USpolitics #USelections #election

Financial Times · US chipmaking boom in doubt after Biden’s defeatBy Michael Acton
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