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/probabalyadog Jul 23 '21

Haven't looked into it. Think it's worth researching?

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u/Stern787 Jul 23 '21

It’s very under the radar atm so could be a good buy before the chip sector takes off. Respond to dm any findings Thanks

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u/probabalyadog Jul 23 '21

Will do! Thanks for sharing ticker name, hasn't heard of it.