News White House reviewing CHIPS Act awards, upcoming payments possibly delayed

[Admin]

The Trump administration has put CHIPS Act disbursements temporarily on hold as it reviews CHIPS Act awards to ensure that it conforms with its policies and the president's executive orders.

White House reviewing CHIPS Act awards, upcoming payments possibly delayed : Read more

 

[ezst036]

If there is to be continued flow free money then its a win for the wealthy lobbyists that is for sure.

 

[Priscus]

Perhaps delaying it to search out the opportunity to gift a few million for his own coffers.

 

[jcwbnimble]

Perhaps delaying it to make sure AMERICAN TAXPAYER MONEY is benefiting AMERICAN TAXPAYERS and not foreign governments

 

[JamesJones44]

It's good and bad.

In a competitive market to get ahead or stay ahead sometimes you need to invest heavily, the private sector isn't always incentivized to do product investments, the removal of payments clearly hurts these initiatives (the bad).

That being said, heavy debt and living above your means can only go on for so long before you have to pay the consciences, reducing outflows which currently can't fit within the yearly budget helps reduce that living above the means (the good).

 

[DS426]

Deregulation was one campaign agenda item, so removing some of those requirements would make sense. However, foreign ties and ownership would also likely be scrutinized, yes.

 

[JTWrenn]

The worst part about all of this is that more oversite and efficiency is needed...we are just not going to get it. The truth is Intel let us down on this, and we need to push for building in the USA one way or the other. TSMC is not a bad option here simply because they are the proven most capable, and getting more of their tech in the USA and out of Taiwan is a good thing.

 

[thestryker]

The larger payouts from the CHIPS act were already delayed quite a bit to ensure conditions would be met. While I'm not a big fan of handouts this is how the entire silicon fabrication industry works. This is one of those circumstances where the industry is capital intensive so financial incentives are the best way to get capacity in any reasonable amount of time.

 

[COLGeek]

As a reminder, please focus on the tech aspects of the article and NOT politics. Thank you.