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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (70552)	6/25/2022 12:49:02 PM
From: E_K_S	1 Recommendation Recommended By pak73 Read Replies (1) \| Respond to of 78954

The Chips Act is stalled Congress waiting to get funded. Intel warns U.S. lawmakers that factory plans hinge on stalled chip bill INTC held off their $54Billion Ohio expansion this last week as the Chips Act still has yet to be funded. the “CHIPS for America Act” (in full – the Creating Helpful Incentives to Produce Semiconductors for America Act). The premise: “To restore American leadership in semiconductor manufacturing by increasing Federal incentives to enable advanced research and development, secure the supply chain, and ensure long-term national security and economic competitiveness.” CHIPS was approved in principle in January as part of the FY 2021 National Defense Authorization Act, but without funding. That deficiency was half-addressed in June, when the Senate passed the United States Innovation and Competition Act (USICA), with a bipartisan 68-32 vote. USICA calls for spending $250 Billion, of which $52 billion (the CHIPS part) would go to the “federal investments for the domestic semiconductor research, design, and manufacturing.” ------------------------------------------------------- Congress can send $53 Billion to Ukraine (this is the current total approved) and NOT APPROVE the funding for the US Chips Act. To me it's almost 'treasonous' as this is Economic War. This Bloomberg article lays it all out and China is the threat. “By 2025, China aims to achieve 70 percent self-sufficiency in high-tech industries, and by 2049—the hundredth anniversary of the People’s Republic of China—it seeks a dominant position in the global market.” FWIW, I am betting on America, specifically INTC and continue to build my position. If it fails and INTC goes BK, then so be it because AMERICA will have lost the semiconductor race and be a servant to China. “I would rather die on my feet than live on my knees.” - Euripides