Liberal Forum

Mrkelly » 27 Mar 2025, 10:49 am » wrote: ↑

27 Mar 2025, 10:49 am

  All that talk about chip was a joke too

big chip factory going up here in Ohio

Now tRump says “it’s time to kill the funding of chips” 

 An agreement between Intel and the Ohio Department of Development offered the company $300 million in grants to help with the construction of each factory, as long as they were completed by the end of 2028.The progress report for the first time also revealed that Intel delayed the opening of its first semiconductor factory to 2030 or 2031.By the time it opens, Intel's first factory will have faced at least five or six years of delays, as it was originally scheduled to begin operating in 2025. Intel's second Ohio factory won't be completed until at least 2031 and will begin running in 2032, according to the company.

 

 President Donald Trump on Tuesday called on Congress to repeal the CHIPS Act and its subsidies for chipmakers who build manufacturing facilities in the U.S., citing Taiwan Semiconductor Manufacturing Co.'s new investment as showing it is unnecessary — though the firm previously received a CHIPS Act grant."Your CHIPS Act is a horrible, horrible thing. We give hundreds of billions of dollars, and it doesn't mean a thing. They take our money, and they don't spend it," Trump said in his address to a joint session of Congress. "You should get rid of the CHIPS Act, and whatever's left over, Mr. Speaker, you should use it to reduce debt. Or any other reason you want to."