Pathetic
American assets need to be reshored
Pathetic
American assets need to be reshored
Source. (americanthinker.com)
The CHIPS Act was passed by Congress, and in August of 2023 and Biden optimistically announced that $53 billion would soon be invested in chip building together with a 25% tax credit and a National Semiconductor Technology Center to oversee the project. The initial response was positive -- according to the Commerce Department, some 460 companies worldwide have expressed an interest in moving production facilities to the United States and thus provide thousands of high-paying jobs. Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest semiconductor and a key supplier to the American high-tech industry, committed itself for two major U.S.-built facilities in Arizona. Similarly Micron announced a $40 billion dollar commitment that promised 40,000 new jobs.
Nevertheless, despite the lure of federal subsidies and tax deductions, the initial enthusiasm has cooled, and America continues to rely heavily on imported chips. What’s happening? The answer is: DIE.
In their analysis, Matt Cole and Chris Nicholson explain that those hoping to build advanced U.S. chip factories have encountered all the usual DIE-imposed box-checking requirements, and this agenda is hardly hidden. DIE is explicit: diversity is “critical to strengthening the U.S. semiconductor ecosystem.”
These chipmakers must hire and train the “right number” of women, people of color, and “justice involved individuals” (i.e., “ex-cons). The bill calls for using “minority-owned businesses” and cooperation with ““minority-serving institutions.” There are 19 sections in the legislation dealing with minority groups, including hiring a Chief Diversity Officer at the National Science Foundation to promote national security.
[Source.](https://www.americanthinker.com/articles/2024/03/die_kills_american_chip_manufacturing.html)
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The CHIPS Act was passed by Congress, and in August of 2023 and Biden optimistically announced that $53 billion would soon be invested in chip building together with a 25% tax credit and a National Semiconductor Technology Center to oversee the project. The initial response was positive -- according to the Commerce Department, some 460 companies worldwide have expressed an interest in moving production facilities to the United States and thus provide thousands of high-paying jobs. Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest semiconductor and a key supplier to the American high-tech industry, committed itself for two major U.S.-built facilities in Arizona. Similarly Micron announced a $40 billion dollar commitment that promised 40,000 new jobs.
>
Nevertheless, despite the lure of federal subsidies and tax deductions, the initial enthusiasm has cooled, and America continues to rely heavily on imported chips. What’s happening? The answer is: DIE.
>
In their analysis, Matt Cole and Chris Nicholson explain that those hoping to build advanced U.S. chip factories have encountered all the usual DIE-imposed box-checking requirements, and this agenda is hardly hidden. DIE is explicit: diversity is “critical to strengthening the U.S. semiconductor ecosystem.”
>
These chipmakers must hire and train the “right number” of women, people of color, and “justice involved individuals” (i.e., “ex-cons). The bill calls for using “minority-owned businesses” and cooperation with ““minority-serving institutions.” There are 19 sections in the legislation dealing with minority groups, including hiring a Chief Diversity Officer at the National Science Foundation to promote national security.
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