The CHIPS Act Has Already Sparked $200 Billion in Private Investments for U.S. Semiconductor Production! 👀

[Get Ya Wig Split]

UPDATE: 470 billion

https://twitter.com/x/status/1661092236426354688

@F-22Raptor @Hamartia Antidote

 

[Get Ya Wig Split]

UPDATE: 491 billion

Investing In America | The White House

For decades, the U.S. exported jobs and imported products, while other countries surpassed us in critical sectors like infrastructure, clean energy, semiconductors, and biotechnology. Thanks to President Biden’s Investing in America Agenda – including historic legislation passed by Congress and...

www.whitehouse.gov

@F-22Raptor @Hamartia Antidote

https://twitter.com/x/status/1675307532863127553

 

[ziaulislam]

Why

This is just the beginning @F-22Raptor @Hamartia Antidote

https://twitter.com/x/status/1620181402133348356

https://twitter.com/x/status/1626264612210618368

https://twitter.com/x/status/1628116722468413441

Next step is to acquire TSMC via a hostile takeover (Apple or Tesla)

TSMC isn't special?

It doesn't design chips

 

[cloud4000]

The CHIPS Act is a piece of corrupt legislation that gives welfare to multibillion-dollar semiconductor companies to build foundries in the US. It's crony capitalism at it's finest.

 

[LeGenD]

The CHIPS Act is a piece of corrupt legislation that gives welfare to multibillion-dollar semiconductor companies to build foundries in the US. It's crony capitalism at it's finest.

Do you think that a microprocessor is created in a garage with blue color wages? Semiconductor industry will create numerous jobs and a skilled workforce, and productivity by extension. It will also help reduce imports. This is infinitely better than being lazy and washing dishes in McDonalds.

I wish Pakistan had a semiconductor industry.

 

[Get Ya Wig Split]

UPDATE: $503 billion

Investing In America | The White House

For decades, the U.S. exported jobs and imported products, while other countries surpassed us in critical sectors like infrastructure, clean energy, semiconductors, and biotechnology. Thanks to President Biden’s Investing in America Agenda – including historic legislation passed by Congress and...

www.whitehouse.gov

Gina letting her nuts hang

https://twitter.com/x/status/1673392466744217601

 

[Get Ya Wig Split]

$3.5 trillion in investment over the next decade

the magnitude of the Biden boom in investment could be historic. Three bills are contributing to the upsurge. One is the Inflation Reduction Act, which provides sweeping subsidies for the domestic manufacture and deployment of clean-energy products such as electric vehicles. The second is the CHIPS and Science Act, which allocates billions of dollars to encourage the domestic production of semiconductors, now produced mostly abroad. The third is the bipartisan infrastructure bill, which funds not only traditional infrastructure projects such as roads and bridges but also new needs like the broadband program and a nationwide network of electric-vehicle chargers. Biden hopes to turbocharge the effect of these bills with other policies pushing companies to buy American in the materials they use in all of these projects.

“What seems to be emerging is a clearly American industrial strategy,” says Ellen Hughes-Cromwick, a senior fellow in climate and energy at Third Way, a centrist Democratic group. “This is about moving ahead in markets where we can be super competitive.”

In a rough calculation, the administration has forecast that these three bills will generate about $3.5 trillion in investment over the next decade. Public spending, either directly on infrastructure projects or through the tax and grant incentives for semiconductors and clean-energy projects, will account for only about two-fifths of that total, with investment from private companies providing the rest. If these bills inspire that much new public and private investment, it would represent a substantial increase—as much as 7 percent annually—in the level of investment the economy now produces (about $5 trillion annually).

 

[Get Ya Wig Split]

UPDATE: $614 billion

https://twitter.com/x/status/1716853935938416799

 

[大汉奸柳传志]

with a shrinking market we are looking at excessive overcapacity in 3-4 years.

 

[StraightEdge]

with a shrinking market we are looking at excessive overcapacity in 3-4 years.

It is, most semi companies are in red. Huge debt, reducing margin.

https://epsnews.com/2023/05/10/excess-inventory-is-supply-chains-next-challenge/

https://medium.com/tej-can-help/tej-dictionary-surge-in-inventory-the-dark-clouds-gathering-over-the-semiconductor-indstury-eb8e32af3a08

TSMC struggles with inventory glut

The semiconductor producer struggled to lower stock levels in the past quarter, but says AI-related customer demand is helping with “inventory digestion.”

www.supplychaindive.com

China is the biggest market, they can't sell in this market anymore.

Chip CEOs urge US to mull effects of curbs on China - Taipei Times

Bringing Taiwan to the World and the World to Taiwan

www.taipeitimes.com

Right now, China represents 25 percent to 30 percent of semiconductor exports. If I have 20 or 30 percent less market, I need to build less factories.