“Build Back Better – How’s that working out for yer?”

    By
    Kelly
    -
    54

    Believed in the CHIPS subsidies? More fool you

    The Biden administration has announced it will require companies winning funds from its $52-billion U.S. semiconductor CHIPS manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare.

    The Commerce Department on Tuesday released its plans to begin accepting applications in late June for a $39-billion manufacturing subsidy program. The law also creates a 25% investment tax credit for building chip plants, estimated to be worth $24 billion.

    Remarks-by-U.S.-Secretary-of-Commerce-Gina-Raimondo-The-CHIPS-Act-and-a-Long-term-Vision-for-AmericDownload

    South Park FTW

    RELATED ARTICLESMORE FROM AUTHOR