you are viewing a single comment's thread
view the rest of the comments
[–] 4 points 2 years ago (5 children)

CHIPS Act? Never heard of it.

  • source
  • parent
  • hideshow 5 child comments
  • [+] 17 points 2 years ago* (last edited 2 years ago) (2 children)
  • [–] 6 points 2 years ago (1 child)

    I know these things take time, but it's really hard not to be skeptical of CHIPS amounting to much. It reminds me too much of all the grant money given to telecom companies like AT&T and Verizon - supposed to be for improving infrastructure and implementing 5G, but they just pocketed the money as profit.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 3 points 2 years ago (1 child)
  • [–] 21 points 2 years ago

    Its a pretty strategically and economically impactful piece of legislation pushed by, and then signed into law, by Biden, in 2022.

    It basically sets up a bunch of tax incentives and funds to go toward building out domestic computer hardware research and manufacturing.

    Its the kind of thing that would lay the foundation for the US building a lot more of its own computer hardware, instead of importing it.

    So when the Trump tariff apocalypse hits... assuming the CHIPS Act does not get repealed, it will be the only saving grace in terms of possibly lowering computer hardware costs.

    Trump and Republicans are likely to try and take credit for this, if domestic chip fabs start coming online before 2028, pretending it is something they came up with.

  • source
  • parent