I am not sure such lavish government subsidies are necessary! It may fuel more price inflation and government debt!
It is irresponsible and reckless! What a waste of taxpayer money!
How about lowering taxes and reducing government bureaucracy!
If these chips are necessary and in demand let the free market take care of it!
"The U.S. Department of Commerce has finalized a subsidy of more than $6.1 billion for memory chip maker Micron Technology (MU.O), opens new tab to support the construction of several domestic semiconductor facilities, according to a White House statement on Tuesday.
The investment, unchanged from the amount originally announced in April, marks one of the largest government awards to chip companies under the U.S. CHIPS and Science Act. ..."
Credits: Techcrunch newsletter
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