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BumRushDaShow

(144,253 posts)
10. "Big tech destroyed the working class in their supply chain and went to China to bolster their already huge profits. "
Mon Sep 23, 2024, 10:32 AM
Sep 2024

This is why this piece of legislation was passed -

H.R.4346 - CHIPS and Science Act

Public Law No: 117-167 (08/09/2022)

This act provides funds to support the domestic production of semiconductors and authorizes various programs and activities of the federal science agencies.

DIVISION A--CHIPS ACT OF 2022

CHIPS Act of 2022

(Sec. 102) The act establishes and provides funding for the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Fund to carry out activities relating to the creation of incentives to produce semiconductors in the United States.

The act establishes and provides funding for the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Defense Fund to carry out the National Network for Microelectronics Research and Development.

The act establishes and provides funding for the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America International Technology Security and Innovation Fund to (1) provide for international information and communications technology security and semiconductor supply chain activities, including to support the development and adoption of secure and trusted telecommunications technologies, secure semiconductors, secure semiconductors supply chains, and other emerging technologies; and (2) carry out the Multilateral Semiconductors Security Fund and the Multilateral Telecommunications Security Fund.

The act establishes and provides funding for the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Workforce and Education Fund for the National Science Foundation (NSF) for microelectronics workforce development activities to accelerate the domestic development and production of microelectronics and strengthen the domestic microelectronics workforce.

(snip)

Recommendations

1 members have recommended this reply (displayed in chronological order):

Why do they worry about the Chinese? bucolic_frolic Sep 2024 #1
Because of the many U.S. companies that "out-sourced" components and fabrication to China BumRushDaShow Sep 2024 #7
You answered my question literally but not my sarcasm bucolic_frolic Sep 2024 #12
Sorry it came off like that BumRushDaShow Sep 2024 #13
Wow, that's a snarkily misleading headline for sure! Think. Again. Sep 2024 #2
Best President of my lifetime and he is still working for all of us right now and will stay on it till January'25 Botany Sep 2024 #3
Brought in some of the actually best people. quaint Sep 2024 #6
President Joe hired a Nobel Prize winner from California from the jump to vet any of his science hires Botany Sep 2024 #8
Joe also protected this guy's home in the Tongass area of Alaska which links into British Columbia's Botany Sep 2024 #11
So world wide free trade Farmer-Rick Sep 2024 #4
This sort of stuff is silly BrianTheEVGuy Sep 2024 #5
I like fishing Botany Sep 2024 #9
? BrianTheEVGuy Sep 2024 #16
"Big tech destroyed the working class in their supply chain and went to China to bolster their already huge profits. " BumRushDaShow Sep 2024 #10
Sadly... BrianTheEVGuy Sep 2024 #17
"the bill relies primarily on Intel to make the chips" BumRushDaShow Sep 2024 #18
So much for free marketplaces, eh? However, I do realize that the Chinese do heavily subsidize their businesses too, SWBTATTReg Sep 2024 #14
I wish there was a way to restrict access from other countries to our internet LiberalFighter Sep 2024 #15
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