#politics #news #chips
Brian Gardner, Stifel Chief Washington Policy Strategist, sits down with Yahoo Finance Live to discuss the outlook on the Senate’s CHIPS Act vote and party sentiments on the bill about microchips and semiconductors.
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#business #chips #semiconductors #microchip #usa #senate
Will it also support quantum chip production in the US?
Washington doesn’t care about voters they care about donors. Corporations donate to both parties so government will find a way to pass the bill.
This is a no brainer
The subsidy is going to ONE US company that has $38B in cash. The rest goes to a foreign company, TSMC.
@David Wong unfortunately, Intel is the only US based chip manufacturer.
Corporate welfare.
If it’s for domestic chip mfg, shouldn’t there be a requirement to spend that money domestically? Intel is actively planning new facilities in China, Germany, and France at least, does this bill actually prevent Americans from footing the bill to send more jobs overseas?
@Magnus thank you, very interesting to hear your perspective. Everything except the “questioning” part lol, I suppose we should all just look away and hope everyone has our best interest at heart when spending hundreds of billions of taxpayer money? What could go wrong? =D
Intel is supposed to be coming to my state and I still don’t know why it’s not here yet and what is the hold up?! (My state also turned down an Amazon store; we have more than enough room but I am assuming they didn’t do that because it would be a monopoly 🤷🏾♀️ ) Intel would provide good jobs for people here domestically so it seems like a good idea to keep it domestic! I’m sure it’s coming but when?!
@Feaster Famine it’s just that questions like your first comment form an public opinion.
Without wanting to offend you I assume from reading your comment, that you did not really think the entire thing through or you simply didn’t educate yourself well enough on the subject. It’s one thing to discuss something if you have done the research and you know that law makers are heading into a wrong direction you from your standpoint want to question.
But when you don’t know what you are talking about and still make your voice heard maybe you might end up being the reason preventing something which could have actually been very good just for one time 😂
See I don’t have anything against the USA and I much rather prefer an Chip manufacturing fabric to be built in the USA instead of Asia, since the USA and Europe share the same values and trade each other with respect and help each other out.
In my honest opinion I do beleave that chip manufacturing will be the last big high end manufacturing in the future.
I saw in Germany and in Great Britain the difference between two countries where one country still has high end manufacturing and the other one doesn’t.
But since Europe outsourced its manufacturing to Asia, Asia prospered while the economies of most European countries like Great Britain, France, Italy and Spain declined. Only Germany which was the last country that still had some high end manufacturing left prospered over the last decade.
I just don’t want that the same thing will happen to the chip industry what happened before to the textile industry or the German solar industry or the television industry… all went to Asia… and jobs and the wealth coming with it got lost.
Lastly this is also a lot about know how.
Intel is the last western Chip manufacturer who knows how to manufacture high end chips. If they go to Asia or if they go bankrupt that knowledge is lost to Asia.
And if people like you who seem to not have thought about this keep forming a public opinion against something that is very important to the west, then this is simply just very frustrating to read for me.
Again no offense, just something from me for you to think about, have a nice day!
@Kelly Elly it’s because people like Mitch McConell and Bernie Sanders are blocking the United Chips act for different reasons. I encourage you and people who think like you to write those Senators to stop blocking the chips act if you guys are interested in a good future of your country.
Please do not forget to report what stock Nancy’s husband buy. That will actually do good to the PEOPLE
Paul bought Nvidia, symbol NVDA, & has been doing very well. I keep waiting for a pullback to enter. I believe he bought options – more risk, but does even better when you have inside info.
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More debt and more money printing. Corporate welfare . These companies are very rich. No way do we need to add 52 billion dollars to the national debt for these rich companies.
Taxpayer corporate welfare to the tune of 75 bn to the special interest with CEOs themselves stepping into push this heist over the finish line.
Business as usual and the media reports on this as a great idea..
It’s completely outrageous. Intel alone has some 32 billion in cash and posted a 36 billion profit.
Hey we still don’t have healthcare and other essentials for normal people, but there’s always money for corporations which then buy back stock and then invest overseas. Also what about that stock bill where congress should be allowed to own any shares of amything while in congress? Whoever votes for Pelosi or Schumer, the people trying to stall that bill till new congress, need to check themselves.
This is corporate welfare.
Good step 👍
Why do we have to subsidize profitable businesses? At a time when we’re told that the US can’t afford healthcare? THEY DON’T EVEN PAY TAXES! They threatened to go to another country. They have no allegiance to the country that fostered their growth. They have no interest in the welfare of American citizens. So let them use their own money: the managers’ golden parachutes and profit that they gave back to their stockholders.
American is copying the strategies and doing of communist China – subsidizing industries.
They can use the billions in profit for domestic spending oh wait they spent that on stock buy backs and now need more money from the government funny how that works meanwhile the rest of the working class can hardly afford food and rent.
More money for the CEOs. The very company’s we are giving money to are the same companies that exported chip manufacturing to China. Double win for the CEOs, does the deception never cease?
This is a matter of national security being addressed after the fact. Meanwhile the sheer stress of the chip shortage has already fostered the construction of fab plants in the US.
Anyone care about HOW this money will lead to more chips produced in the U.S.? I don’t believe there’s a shortage of capital in these companies. Also there are $Billions in this chips bill for EV charging stations! No one wants to report HOW these stations will actually generate power — new wind farms? New solar panel farms? Diesel generators and coal burning, like most of the current stations?
Who authored this bill, that’s what I want to know!