News Chipmakers race to get CHIPS Act dollars before White House changeover — TSMC and GlobalFoundries finalize applications, facilitating payouts

[Admin]

GlobalFoundries and TSMC finalize talks with the U.S. government to get CHIPS Act funding.

Chipmakers race to get CHIPS Act dollars before White House changeover — TSMC and GlobalFoundries finalize applications, facilitating payouts : Read more

 

[atomicWAR]

Disclasimer this post is simply about prices not the politics...

Better move quick...Personally I would have those applications on lock down as soon as the CHIPS act passed. I'll be curious to see if increased tariffs proposed by the incoming administration are indeed put in place will it have any actual affect on how many parts are produced domestically so they can put those CHIPS dollars to good use. Will we as consumers see the price difference, assuming tariffs are incoming, on those domestically produced parts or will companies just raise the price across the board to make local and domestic parts look similar from a pricing stand point? I pray we don't see big price increases if this is the case personally but fear we will. I am currently on the fence on buying my wife a RTX 4060 laptop atm or wait till the RTX 5060 mobile. I worry I need to buy soon just in case the prices do skyrocket.

 

[why_wolf]

They'll just raise prices across the board, even on products that don't get hit with a direct tariff. That's what has happened 100% of time across all of history when trade restrictions and tariffs are used.

Its the exact same thing that happens when a monopoly forms. Or companies collude with each other to control the price, OPEC style.

Its simple economics. If I know my competitor can't sell their products for less than a hundred dollars then all I have to do is charge $99 to corner the market. Even though yesterday said market was being sold for $50. The consumer has no choice and will pay way, way, WAY more. The cryptoboom and Covid have proven this already in the PC space.

 

[ezst036]

Chipmakers race to get CHIPS Act dollars before White House changeover

Quick!

Run!

Gimmegimmegimmegimmegimmegimmegimmegimme before the free money dries up!

It's amazing the wealthy can cry poormouth when it suits them and the kabuki theater is successful.

 

[Notton]

We'll just have to wait and see what is actually implemented, but if the plan is to scrap the CHIPS act and put an import fee on all electronics from China, then you've cut your nose off to spite the face.

So no local high paying engineering or R&D jobs, no construction, and no electronics manufacturing.
No, instead only tariffs.

That sounds like a crazy plan, but okay.

 

[2Be_or_Not2Be]

Tariffs always end up hitting the consumer's wallet, not the companies being levied. The US needs to invest more in local manufacturing, not hurting their own consumers.

China does that with their automotive EV industry; EVs there can be had for much less than $30k, mainly due to gov't subsidies. The IRA and CHIPS acts both help to work on bringing manufacturing back to the US, so it would just be self-injury if Congress repeals those acts. Not saying it won't happen, though; many short-sighted acts happen when it means money in someone's pocket.