2 Aug 2024 10:37 pm
It was a bipartisan bill.righteous » 02 Aug 2024, 10:29 pm » wrote: ↑ Intel was one of the biggest beneficiaries of the Chips Act, receiving an $8.5 billion grant announced in March, a $25 billion sweetheart tax incentive and likely the lion’s share of an $11 billion federal loan program. That’s only the opening act.
What did we get in exchange? Intel this week announced it was laying off 15% of its workforce — 15,000
positions.
Biden-Harris wasted $8.5 billion in taxpayer money to lose 15,000 jobs at Intel (nypost.com)
And its smart to have high end chips made in america.
Instead of in tiawan.
We use those chips on all our high end military equipment.
It just made sense to move it to America and create American jobs and protect our military