48 Congress passed Chip Act to fund semi-conductors and computer chip factories in the U.S. as part of Military Budget. $55 Billion authorized. Zero of it has been allocated. Chip manufacturers are putting all factories on hold until it's funded. Meanwhile Ukraine needs more weapons... (archive.ph) posted 2 years ago by GeneralBoobs 2 years ago by GeneralBoobs +49 / -1 7 comments share 7 comments share save hide report block hide replies
And these fabs and foundries wont be operational until 202t at earliest... assuming congress does something. Apparently CHIP act is for domestic chip and semi conductor makers. A few companies are foreign and wants some of that CHIP money.