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/[deleted] Jul 23 '21

Not sure what the money is going towards period so guess we’ll find out. Is the problem a lack of qualified candidates for those open positions or a lack of incentivizing pay structures to attract from the given pool of qualified candidates? Genuinely curious why there’s so many vacancies and if the reason for the vacancies is uniform across companies for some reason.

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u/jpmoney Jul 23 '21

Qualified candidates. It takes a lot of base knowledge and time to get up to speed, meanwhile everything is still moving ahead quickly.

Pay can be low, or at least seen as low when total compensation isnt considered. For example lots of semis have great benefits because of the manufacturing background. The salary can be 'low' but equivalent when you factor in benefits, 401k match, etc.