Comment by guywithahat
2 days ago
Didn't Biden sign a 280 billion dollar Intel subsidy for chip-making? I mean as far as I can tell we already do it, this isn't a fantasy, and there's no reason to think we can't absorb more of the market. I can't read the article but it seems more political than economic, judging from the first paragraph
> 280 billion dollar Intel subsidy for chip-making?
Where are you pulling this number from?
From the CHIPS act. It allocated 280 billion, and was criticized for being an Intel bailout since many thought it was a response to their poor market performance. It was signed during the Biden admin, before trump entered office
But it wasn't $280 billion for Intel. Why are you conflating the entire amount with the amount put towards Intel?
Your statements are easily shown to be false. Intel didn't receive anywhere near that amount. It's a really poor way to try to engage with people unless your intent is to mislead.
3 replies →
You should consider reading the article: https://archive.ph/h1RrC
And no, Biden didn't sign a "280 billion dollar Intel subsidy for chip-making." If you're talking about the CHIPS and Science Act, that number is overall authorized funding for many things. Intel has received ~10b until now.
> that number is overall authorized funding for many things. Intel has received ~10b until now.
They were promised $10B. They had received only about $2B.
[dead]