The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.
The incentives include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology to triple its domestic production and reduce its dependence on foreign factories.
Much of the money would fund the making of microcontrollers, which are used by the military as well as in autos, household appliances and medical devices. Government officials said they expected the investments to create 700 construction and manufacturing jobs over the next decade.
You are getting none of these chips for free. They are giving public money to a corporation listed on the stock market.
This is the big issue. I get it. I get why it’s being done. At the same time holy shit am I tired of my money going to help the rich and kill people over seas, but we get told the poor don’t deserve Healthcare and we can’t afford to feed the kids in schools.