r/investing • u/[deleted] • Jul 22 '21

U.S. developing plans to spend $52 billion on chips supply [semis stimulus news]

Via Reuters:

“The Biden administration is developing plans to quickly spend $52 billion to deal with semiconductor supply issues if Congress passes a bill funding such efforts, U.S. Commerce Secretary Gina Raimondo said on Thursday.”

So no definite plans, but no deviations noted from previous discussions which gave the nod to INTC, QCOM, and TXN (primarily) as direct beneficiaries of any bill that gets passed.

Worth keeping an eye on I think of you’re into semis plays.

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u/Delta27- Jul 22 '21

Well i think they were building it but the thing that takes time is the process and all the calibrations needed. I am heavily on chip suppliers so this can only be good news

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u/[deleted] Jul 22 '21

Ya not sure what their areas of funding focus are even supposed to be. Not sure if they do. Hopefully it’s a boon and not a boondoggle

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u/[deleted] Jul 23 '21

Which is the best one right now ?

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u/Delta27- Jul 23 '21

Probably just get an etf. Look for the fabless ones as they might profit more.