The $53 billion Chips Acts comes with quite a few Big Government strings attached for companies building U.S. semiconductor facilities

The Dimocrat controlled U.S. Congress was too clever by half!

As a businessman I would say thanks, but no thanks!

"To get access to funds, they must meet Commerce Department conditions, including sharing certain profits with the government, restraining stock buybacks and dividends, using union workers for construction, and providing child care for construction and factory workers. To boost U.S. semiconductor manufacturing and competitiveness with China, the government wants to create at least two manufacturing clusters by 2030. The Pentagon will have secure access to Chips Act-funded facilities, so the industry can supply the military with advanced chips for modern weapons systems and cut its reliance on imports."

"The Commerce Department on Tuesday kicked off the application process for semiconductor manufacturing subsidies under the $53 billion Chips Act, along with conditions aimed at advancing some of the Biden administration’s priorities."

U.S. Aims to Chart New Course for Chip Industry - WSJ $53 billion plan, a mix of subsidies and conditions, will be a test of U.S. industrial policy