CHIPS act is a disaster so far

[Anonymous]

https://www.bloomberg.com/news/articles/2023-12-26/samsung-delays-production-at-new-us-factory-to-2025-daily-says

More than a year after Biden signed the Chips Act into law, promising $100 billion in support to new semiconductor plants in the US, his government has made one grant of only $35 million to the American subsidiary of British aerospace firm BAE Systems Plc.

———

TSMC delayed in so far in az due to lack of quality workers

Samsung in Texas now delayed

Intel concerned about funds being disbursed

——

Nice job Joe!

[Anonymous]

It takes a while to get implemented.

From the White House:

In the one year since CHIPS was signed into law, companies have announced over $166 billion in manufacturing in semiconductors and electronics, and at least 50 community colleges in 19 states have announced new or expanded programming to help American workers access good-paying jobs in the semiconductor industry.

From the Semiconductor Association:

companies in the semiconductor ecosystem have already announced dozens of new projects in the U.S.—totaling hundreds of billions of dollars in private investment—in anticipation of CHIPS incentives. Now, with CHIPS on track to deliver massive benefits to our country, it’s critical for leaders in Washington to advance policies that enhance this historic accomplishment. Next steps should include continuing to implement the new law in a timely manner and in close collaboration with industry experts, addressing the significant shortage of STEM workers facing the semiconductor sector and the entire U.S. economy, and ensuring the chip industry has open access to global markets.

In other words, you can't turn a ship in an hour. But the education and manufacturing foundation is being laid. Americans will be feeling the positive impact of this legislation for decades.

[Anonymous]

Anonymous wrote:https://www.bloomberg.com/news/articles/2023-12-26/samsung-delays-production-at-new-us-factory-to-2025-daily-says

More than a year after Biden signed the Chips Act into law, promising $100 billion in support to new semiconductor plants in the US, his government has made one grant of only $35 million to the American subsidiary of British aerospace firm BAE Systems Plc.

———

TSMC delayed in so far in az due to lack of quality workers

Samsung in Texas now delayed

Intel concerned about funds being disbursed

——

Nice job Joe!

I see someone saw the Bloomberg headline.

So where do the qualified workers come from in a single year? People need to be educated and trained. That takes time.

Intel will get its money.

[Anonymous]

Disaster is a pretty strong word for something that takes a while to coordinate with education and private sector.

[Anonymous]

Yeah, if only we had a razor-sharp mind like Trump in office. After all, he's a (multiple bankruptcy, bill-dodging) "businessman"!

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.bloomberg.com/news/articles/2023-12-26/samsung-delays-production-at-new-us-factory-to-2025-daily-says

More than a year after Biden signed the Chips Act into law, promising $100 billion in support to new semiconductor plants in the US, his government has made one grant of only $35 million to the American subsidiary of British aerospace firm BAE Systems Plc.

———

TSMC delayed in so far in az due to lack of quality workers

Samsung in Texas now delayed

Intel concerned about funds being disbursed

——

Nice job Joe!

I see someone saw the Bloomberg headline.

So where do the qualified workers come from in a single year? People need to be educated and trained. That takes time.

Intel will get its money.

Staple automatic green cards to any Taiwanese, Japanese or South Korean with semiconductor industry experience

The us needs a lot more East Asians in this country as it is

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.bloomberg.com/news/articles/2023-12-26/samsung-delays-production-at-new-us-factory-to-2025-daily-says

More than a year after Biden signed the Chips Act into law, promising $100 billion in support to new semiconductor plants in the US, his government has made one grant of only $35 million to the American subsidiary of British aerospace firm BAE Systems Plc.

———

TSMC delayed in so far in az due to lack of quality workers

Samsung in Texas now delayed

Intel concerned about funds being disbursed

——

Nice job Joe!

I see someone saw the Bloomberg headline.

So where do the qualified workers come from in a single year? People need to be educated and trained. That takes time.

Intel will get its money.

Seriously. Is the OP really that ignorant? Do they have any idea how complicated building a semiconductor plant is and how long it takes to get i) environmental permits, ii) develop a design and construction plan, ii) find a suitable location and hire workers from scratch, and iv) implement it? It's not like the construction plans were ready to go the moment the bill was signed. This is a multi-year, even decade long endeavor to build up an entire industry from near scratch.

[Anonymous]

It’s up and running. It takes time and process to roll out a new program in an accountable manner.
https://www.nist.gov/chips

[Anonymous]

I’m embarrassed for OP.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.bloomberg.com/news/articles/2023-12-26/samsung-delays-production-at-new-us-factory-to-2025-daily-says

More than a year after Biden signed the Chips Act into law, promising $100 billion in support to new semiconductor plants in the US, his government has made one grant of only $35 million to the American subsidiary of British aerospace firm BAE Systems Plc.

———

TSMC delayed in so far in az due to lack of quality workers

Samsung in Texas now delayed

Intel concerned about funds being disbursed

——

Nice job Joe!

I see someone saw the Bloomberg headline.

So where do the qualified workers come from in a single year? People need to be educated and trained. That takes time.

Intel will get its money.

Seriously. Is the OP really that ignorant? Do they have any idea how complicated building a semiconductor plant is and how long it takes to get i) environmental permits, ii) develop a design and construction plan, ii) find a suitable location and hire workers from scratch, and iv) implement it? It's not like the construction plans were ready to go the moment the bill was signed. This is a multi-year, even decade long endeavor to build up an entire industry from near scratch.

Presumably OP is MAGA...so, yes.

[Anonymous]

Don’t be a stranger, OP!

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.bloomberg.com/news/articles/2023-12-26/samsung-delays-production-at-new-us-factory-to-2025-daily-says

More than a year after Biden signed the Chips Act into law, promising $100 billion in support to new semiconductor plants in the US, his government has made one grant of only $35 million to the American subsidiary of British aerospace firm BAE Systems Plc.

———

TSMC delayed in so far in az due to lack of quality workers

Samsung in Texas now delayed

Intel concerned about funds being disbursed

——

Nice job Joe!

I see someone saw the Bloomberg headline.

So where do the qualified workers come from in a single year? People need to be educated and trained. That takes time.

Intel will get its money.

You mean Intel will get OUR money.

Let's see what they do with it, having burnt tens of billions of market cap over the last decade.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.bloomberg.com/news/articles/2023-12-26/samsung-delays-production-at-new-us-factory-to-2025-daily-says

More than a year after Biden signed the Chips Act into law, promising $100 billion in support to new semiconductor plants in the US, his government has made one grant of only $35 million to the American subsidiary of British aerospace firm BAE Systems Plc.

———

TSMC delayed in so far in az due to lack of quality workers

Samsung in Texas now delayed

Intel concerned about funds being disbursed

——

Nice job Joe!

I see someone saw the Bloomberg headline.

So where do the qualified workers come from in a single year? People need to be educated and trained. That takes time.

Intel will get its money.

Seriously. Is the OP really that ignorant? Do they have any idea how complicated building a semiconductor plant is and how long it takes to get i) environmental permits, ii) develop a design and construction plan, ii) find a suitable location and hire workers from scratch, and iv) implement it? It's not like the construction plans were ready to go the moment the bill was signed. This is a multi-year, even decade long endeavor to build up an entire industry from near scratch.

Presumably OP is MAGA...so, yes.

So, CHIPS is about bringing back the US manufacturing sector, and the OP complains. Hard to take MAGA types seriously. While one may disagree with some of the specifics of CHIPS, it is intended to benefit the US manufacturing sector, which presumably is a goal that unite Americans. The idea that Fatty Orange, who went into bankruptcy several times and who completely failed at several other businesses, could do it better is comical.

[Anonymous]

Republicans have the attention span of gnats. If they can't have instant gratification, they don't want it. Just no discipline at all.

[Anonymous]

Anonymous wrote:Republicans have the attention span of gnats. If they can't have instant gratification, they don't want it. Just no discipline at all.

You also don't just snap your fingers and make industrial policy happen. It takes years to develop industry and infrastructure of this magnitude. Just look at any major construction project in a city near you. Think how long those apartment buildings take to build (hint, it's usually 2-3 years). Now multiply that difficulty by like 100 to get to what is necessary for a semi-conductor plant. Just one spec of dust or shedding of skin cells can disrupt the semiconductor process. OP, truly is an idiot that believes all things can be solved with 30 second sound bites.