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by totalZero 1803 days ago
The $52b comes from USICA and it hasn't passed the House yet as far as I know. Please correct me if I'm wrong.

What are they supposed to do, not compete during the heyday of their industry because they expect a tax credit to be paid out over the next several years?
2 comments
bigbizisverywyz 1803 days ago
The expectation of this legislation passing might also make it easier for Intel to raise cash to fund the acquisition if they need to borrow.
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markzzerella 1803 days ago
The senator that wrote it thinks it passed.

>Sinema’s bipartisan CHIPS For America Act - which is now law - restores America’s leadership in semiconductor manufacturing.

https://www.sinema.senate.gov/fueled-sinemas-chips-act-intel...

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totalZero 1803 days ago
Congress does not.

https://www.congress.gov/bill/117th-congress/senate-bill/126...

The CHIPS Act is not USICA. That $52B number comes from USICA, which has not yet passed the House. I was being deferential earlier out of politeness but you didn't take the hint and look it up. Here is some light reading on it:

https://www.engadget.com/senate-usica-endless-frontier-act-0...

https://www.theverge.com/2021/6/8/22457293/semiconductor-chi...

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markzzerella 1802 days ago
>The CHIPS Act is not USICA

And my comment specifically referred to the chips act, which has passed [1]. I'm not really sure why you would be distracting from the point by bringing up other legislation that has not yet passed? Like all good corruption, exactly how much money is moving around is obfuscated. I've seen both "$10-$50 billion" and "$52 billion" as numbers for the CHIPS Act. If you have a more accurate number I'd be more than happy to update my post.

So the question is did they get billions from the chips act like the senator that wrote it thinks they did or not? If they did then you're quibbling over exactly how many billions they got, which isn't a good look. That they potentially have more coming in doesn't really change the substance of my comment in the context of the original article at all. So thanks for the heads up on the next few billions they will be getting I guess?

[1] https://www.sinema.senate.gov/congress-approves-sinemas-bipa...

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