CHIPS act is a disaster so far

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

+1 The reason that RWNJs are still talking about Solyndra, and ONLY Solyndra, a decade+ later is that it was an anomaly. Another one of the companies that benefited from that program was Tesla, which right wingers seem to love now.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

Hopefully not as an energy sector analyst. By the end of the Obama administration the clean energy loans were generating a profit

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

If you work for "a major investment firm" you should be fired for gross incompetence and cluelessness. The renewable energy loan failure rate was lower than typical failure rates in private industry sectors, and provided substantial returns.



Someone working in investment banking should know these things, but either you don't and are a bumbling incompetent idiot, or you DO know but are a dishonest lying idiot.

And... in fact, the Solyndra losses were more than made up for via gains in other parts of the program, it was a net gain for taxpayers along with creating nearly a million lasting jobs - https://www.reuters.com/article/idUSKCN0IX0A0/

[Anonymous]

+1

It's like the half truths told by the like of Hannity are never exposed until someone brings them to a forum like this and then, whoa, really? You mean someone from the right wing echo chamber lied to me? How dare they!

[Anonymous]

Anonymous wrote:+1

It's like the half truths told by the like of Hannity are never exposed until someone brings them to a forum like this and then, whoa, really? You mean someone from the right wing echo chamber lied to me? How dare they!

98% of them double down, learning nothing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

If you work for "a major investment firm" you should be fired for gross incompetence and cluelessness. The renewable energy loan failure rate was lower than typical failure rates in private industry sectors, and provided substantial returns.



Someone working in investment banking should know these things, but either you don't and are a bumbling incompetent idiot, or you DO know but are a dishonest lying idiot.

And... in fact, the Solyndra losses were more than made up for via gains in other parts of the program, it was a net gain for taxpayers along with creating nearly a million lasting jobs - https://www.reuters.com/article/idUSKCN0IX0A0/

Ah, typical fool response, let's put some big table with some data assuming that others are as math illiterate as you are.

Shows us one independent published analysis of the ROI of all those Biden/ Obama loans and equity investments in the solar energy industry -- which is what we are talking about, as an analogy to semis.

You won't dare....because most show substandard or negative returns. The whole thing was shown to be a disaster for innovation yet a bonanza for a few political insiders...I guess you're connected to some of the latter.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

If you work for "a major investment firm" you should be fired for gross incompetence and cluelessness. The renewable energy loan failure rate was lower than typical failure rates in private industry sectors, and provided substantial returns.



Someone working in investment banking should know these things, but either you don't and are a bumbling incompetent idiot, or you DO know but are a dishonest lying idiot.

And... in fact, the Solyndra losses were more than made up for via gains in other parts of the program, it was a net gain for taxpayers along with creating nearly a million lasting jobs - https://www.reuters.com/article/idUSKCN0IX0A0/

Ah, typical fool response, let's put some big table with some data assuming that others are as math illiterate as you are.

Shows us one independent published analysis of the ROI of all those Biden/ Obama loans and equity investments in the solar energy industry -- which is what we are talking about, as an analogy to semis.

You won't dare....because most show substandard or negative returns. The whole thing was shown to be a disaster for innovation yet a bonanza for a few political insiders...I guess you're connected to some of the latter.

Why don’t you show us your data?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

If you work for "a major investment firm" you should be fired for gross incompetence and cluelessness. The renewable energy loan failure rate was lower than typical failure rates in private industry sectors, and provided substantial returns.



Someone working in investment banking should know these things, but either you don't and are a bumbling incompetent idiot, or you DO know but are a dishonest lying idiot.

And... in fact, the Solyndra losses were more than made up for via gains in other parts of the program, it was a net gain for taxpayers along with creating nearly a million lasting jobs - https://www.reuters.com/article/idUSKCN0IX0A0/

Ah, typical fool response, let's put some big table with some data assuming that others are as math illiterate as you are.

Shows us one independent published analysis of the ROI of all those Biden/ Obama loans and equity investments in the solar energy industry -- which is what we are talking about, as an analogy to semis.

You won't dare....because most show substandard or negative returns. The whole thing was shown to be a disaster for innovation yet a bonanza for a few political insiders...I guess you're connected to some of the latter.

Why don’t you show us your data?

Ah, the fool has a sense of humor.

Sweetie, it's the person making grandiose claims the one who has to show the data. You have claimed that Solyndra was the only failure in the overall solar industry program, and that despite it the overal scheme was a significant financial success.

Prove it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

If you work for "a major investment firm" you should be fired for gross incompetence and cluelessness. The renewable energy loan failure rate was lower than typical failure rates in private industry sectors, and provided substantial returns.



Someone working in investment banking should know these things, but either you don't and are a bumbling incompetent idiot, or you DO know but are a dishonest lying idiot.

And... in fact, the Solyndra losses were more than made up for via gains in other parts of the program, it was a net gain for taxpayers along with creating nearly a million lasting jobs - https://www.reuters.com/article/idUSKCN0IX0A0/

Ah, typical fool response, let's put some big table with some data assuming that others are as math illiterate as you are.

Shows us one independent published analysis of the ROI of all those Biden/ Obama loans and equity investments in the solar energy industry -- which is what we are talking about, as an analogy to semis.

You won't dare....because most show substandard or negative returns. The whole thing was shown to be a disaster for innovation yet a bonanza for a few political insiders...I guess you're connected to some of the latter.

Why don’t you show us your data?

Ah, the fool has a sense of humor.

Sweetie, it's the person making grandiose claims the one who has to show the data. You have claimed that Solyndra was the only failure in the overall solar industry program, and that despite it the overal scheme was a significant financial success.

Prove it.

Dp- they provided data. You said there is more, please show us more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

If you work for "a major investment firm" you should be fired for gross incompetence and cluelessness. The renewable energy loan failure rate was lower than typical failure rates in private industry sectors, and provided substantial returns.



Someone working in investment banking should know these things, but either you don't and are a bumbling incompetent idiot, or you DO know but are a dishonest lying idiot.

And... in fact, the Solyndra losses were more than made up for via gains in other parts of the program, it was a net gain for taxpayers along with creating nearly a million lasting jobs - https://www.reuters.com/article/idUSKCN0IX0A0/

Ah, typical fool response, let's put some big table with some data assuming that others are as math illiterate as you are.

Shows us one independent published analysis of the ROI of all those Biden/ Obama loans and equity investments in the solar energy industry -- which is what we are talking about, as an analogy to semis.

You won't dare....because most show substandard or negative returns. The whole thing was shown to be a disaster for innovation yet a bonanza for a few political insiders...I guess you're connected to some of the latter.

Why don’t you show us your data?

Ah, the fool has a sense of humor.

Sweetie, it's the person making grandiose claims the one who has to show the data. You have claimed that Solyndra was the only failure in the overall solar industry program, and that despite it the overal scheme was a significant financial success.

Prove it.

Dp- they provided data. You said there is more, please show us more.

Got real quiet in here, didn’t it? Where the “financial analyst” run off to?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

If you work for "a major investment firm" you should be fired for gross incompetence and cluelessness. The renewable energy loan failure rate was lower than typical failure rates in private industry sectors, and provided substantial returns.



Someone working in investment banking should know these things, but either you don't and are a bumbling incompetent idiot, or you DO know but are a dishonest lying idiot.

And... in fact, the Solyndra losses were more than made up for via gains in other parts of the program, it was a net gain for taxpayers along with creating nearly a million lasting jobs - https://www.reuters.com/article/idUSKCN0IX0A0/

Ah, typical fool response, let's put some big table with some data assuming that others are as math illiterate as you are.

Shows us one independent published analysis of the ROI of all those Biden/ Obama loans and equity investments in the solar energy industry -- which is what we are talking about, as an analogy to semis.

You won't dare....because most show substandard or negative returns. The whole thing was shown to be a disaster for innovation yet a bonanza for a few political insiders...I guess you're connected to some of the latter.

Why don’t you show us your data?

Ah, the fool has a sense of humor.

Sweetie, it's the person making grandiose claims the one who has to show the data. You have claimed that Solyndra was the only failure in the overall solar industry program, and that despite it the overal scheme was a significant financial success.

Prove it.

So you have no answer. What a surprise.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

If you work for "a major investment firm" you should be fired for gross incompetence and cluelessness. The renewable energy loan failure rate was lower than typical failure rates in private industry sectors, and provided substantial returns.



Someone working in investment banking should know these things, but either you don't and are a bumbling incompetent idiot, or you DO know but are a dishonest lying idiot.

And... in fact, the Solyndra losses were more than made up for via gains in other parts of the program, it was a net gain for taxpayers along with creating nearly a million lasting jobs - https://www.reuters.com/article/idUSKCN0IX0A0/

Ah, typical fool response, let's put some big table with some data assuming that others are as math illiterate as you are.

Shows us one independent published analysis of the ROI of all those Biden/ Obama loans and equity investments in the solar energy industry -- which is what we are talking about, as an analogy to semis.

You won't dare....because most show substandard or negative returns. The whole thing was shown to be a disaster for innovation yet a bonanza for a few political insiders...I guess you're connected to some of the latter.

Why don’t you show us your data?

Ah, the fool has a sense of humor.

Sweetie, it's the person making grandiose claims the one who has to show the data. You have claimed that Solyndra was the only failure in the overall solar industry program, and that despite it the overal scheme was a significant financial success.

Prove it.

Dp- they provided data. You said there is more, please show us more.

Come back and answer, “prove it” PP. We’re all ears.