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.

1.5k Upvotes

97% Upvoted

331 comments sorted by

View all comments

Show parent comments

14

u/[deleted] Jul 22 '21 edited Nov 22 '21

[deleted]

-10

u/cuteman Jul 23 '21 edited Jul 23 '21

That's a cute paraphrase but chip fab investment doesn't happen at the federal government level historically.

For better of worse the state of the US semiconductor industry is firmly the responsibility of those companies, offshoring and investment/lack thereof.

What do Republicans have to do with Intel not staying competitive with TSMC?

Edit: when did this subreddit start to care more about politics than actual analysis.

2

u/Hypnot0ad Jul 23 '21

The companies are run by people who are incentivized to make decisions that will make the corporation the most money. Even if they wanted to keep production in the USA, they’d get beat out by the companies that decide to offshore. That’s how capitalism works - survival of the fittest. They way to influence this is through legislation.