Looks like a lot of semiconductor investment is coming to the US, after stagnation for many years: https://www.tomshardware.com/news/new-us-fabs-everything-we-know "To a large degree, such massive investments are made possible by several factors: incentive packages from local authorities, government subsidies enabled by the CHIPS act, availability of engineering talent, and the existing semiconductor production supply chain. Other reasons include geopolitical tensions and the necessity to diversify manufacturing bases." MAGA! My take: As usual with such announcements, it's a wait and see approach. Often, the local impact on jobs is less than promised. In any case, bringing chip manufacturing back to the US is a good thing. Nobody wants to wait 1+ year for their new car because the car companies can't get enough $10 chips. Plus, all these investments will need an educated work force. So, getting STEM degrees is still a good prospect for future job opportunities.
I hope so too. However, often such new plants come with huge giveaways of taxpayers' money, in the form of "incentives". This is how they got the plant in East Fishkill, NY. Note in edit: It is, however, a good sign that the semiconductor industry wants to invest into the US, despite the economic doom and gloom the Trump party is peddling.
We still need global, diversified (multiple manufacturers) microchip supplies. But, for national security at least, we need a robust semiconductor manufacturing base here. Russia is learning the hard way the cost of not having one.
Well, when elected officials only serve the interests of global corps, we end up here. I hope we we don't subsidize their return as we did their re-location........wait!!!!???? Joementum.
It's kind of strange how Trump supporters seem to avoid this thread. Should the same thing have happened under Trump, we would have had 20 MAGA "thank you Trump" threads. Now, I am not saying that Biden is responsible for this. However, it also shows that Biden is not the great deterrent to investment and capitalism that the Trump supporters project him to be.
And Solendra would create over 100k nationwide. We'll see, I hope they're right, but one thing is for sure, the left will attack them when they get successful, like they do all successful corporations.
Hmm... I really don't understand the point you're making here. Trump certainly called out the migration of the supply chain and the left collectively yawned. Biden simply borrowed a page from other centrally managed economies.... This is what say, Stalin would do. But you're going to applaud, on queue. Why? STEM education and manufacturing jobs are about as antithetical as you can get. WhileI agree STEM is a great thing, I don't find future consumption in the manufacturing work force will require it.
Oh my gosh you're right, it was 65k per Obama. https://www.washingtonpost.com/poli...-create-jobs/2011/09/07/gIQA9Zs3SK_story.html
Yes what an amazing bill. Less than 5% of the bill is allocated to aid in manufacturing. An amount this small will affect nothing with regards to chip manufacturing. Laughably, even that meager amount of aid is caveated with adding critical race theory into your tech force. You must take on a certain number of unqualified racial minorities to meet your race quota or no free handout for you. The same bill also gives 5 TIMES that amount ($10B) to straight up handouts to minorities. So not only do minorities get direct handouts, the handouts to the manufacturers are dependent on how many diversity hires they are. This is how you destroy engineering. Remove incentives based on quality of work product and replace them with incentives based on race/politics. They clearly state their objective at the end of the bill.... to kick white people out of STEM. No concern with quality and innovation.... complete fascination with what engineers look like. NOBODY in my industry is looking at this piece of cow dung with anything other than open disgust. It is worse than nothing at all. It is attempting to subvert one of the most productive industries on earth.... engineering. The people who created this bill are the most vile humans on earth. FACT SHEET: CHIPS and Science Act Will Lower Costs, Create Jobs, Strengthen Supply Chains, and Counter China - The White House
