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251

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) > 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.

(post is archived)

[–] 5 pts

Oh, dear readers, there is a C.H.I.P.S. Act clause far more authoritarian and totalitarian than the usual DEI shenanigans.

Recipients of C.H.I.P.S. money who receive more than $150 million in direct funding "will be required to share with the U.S. government a portion of any cash flows or returns that exceed the applicant’s projections by an agreed-upon threshold," the Commerce Department said.

This, in addition to other fuckery like disclosing to the US Feds operating and material costs, has slowed the fabrication timeline for TSMC and Samsung and stopped Intel's Ohio plans cold.

[–] 1 pt

That was just another nail in the coffin for the New Albangme Intel plant. Couple that with the "Where's the water?" and "not manufacturing unless demand is there" - it's looking more and more like it's not going to happen. The government even revoked 2/3 of the anticipated grant.