News US Department of Commerce finalizes $458 million grant for SK Hynix to build Indiana packaging plant — plans to lend an additional $500 million for...

[Admin]

SK Hynix gets $458 million from the U.S. government via the CHIPS Act to build an HBM packaging plant in Indiana.

US Department of Commerce finalizes $458 million grant for SK Hynix to build Indiana packaging plant — plans to lend an additional $500 million for... : Read more

 

[joeer77]

Stop wasting my tax money on these companies! SK Hynix? Seriously? What can they make that Micron cannot? $36 trillion in debt and sinking!

 

[daworstplaya]

Stop wasting my tax money on these companies! SK Hynix? Seriously? What can they make that Micron cannot? $36 trillion in debt and sinking!

This is part of investing in the US and American people, which helps stimulate the economy for all of us. Everyone gets better jobs and better quality of life while helping the economy thrive. The only downside it is an increase in national debt. Which has shown no negative side affects, regardless of what Economists have theorized in the past. It's basically borrowing money, to create a better future for all. The creation of debt is not a bad thing if it helps all Americans.

 

[j360]

No, this is called CRONYISM, and it's a way of transferring wealth from taxpayers to private corporations with no expectation of anything in return.

Similarly, peddling the myth that creating infinite debt is not a bad thing indicates either economic ignorance or blind ideologically based "reasoning".