The Senate votes today on final passage of legislation to boost the U.S. semiconductor industry:
The Senate is poised Wednesday to pass a bipartisan bill that would provide $52 billion of subsidies to domestic semiconductor manufacturers, and invest billions in science and technology innovation, in a bid to strengthen the United States’ competitiveness and self-reliance in what is seen as a keystone industry for economic and national security…
Much of the $52 billion would go to microchip manufacturers to incentivize construction of domestic semiconductor fabrication plants — or “fabs” — to make the chips, which are used in a wide variety of products including motor vehicles, cellphones, medical equipment and military weapons. A shortage of semiconductor chips during the coronavirus pandemic has caused price hikes and supply-chain disruptions in several industries.
I don’t want to sound like a libertarian crank, but Big Tech has more money than Gawd Almighty, and if they saw an opportunity to make some bucks manufacturing semiconductors here, then they already would be doing that. They left the US for a reason: greed.
So is the $54B Ameros a bribe. You bet.
Will it work?
I’m cynical and going to guess NO: they left before for cheaper labor and less regulated pastures and remember those superfund sites all over Silicon Valley that we ended up paying for and not the tech companies? Making chips is a dirty business and I guarantee you that it has not become any cleaner.
They’ll take the money and run. But I’ll be damned surprised if domestic chip manufacturing returns to the US.
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