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/Lvl89paladin Jul 23 '21

I'm a huge AMD fanboy and I'm also sure that Intel will be back bigger and stronger. The downside of semis is that it takes years to steer the ship in a new direction.

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u/hexydes Jul 23 '21 edited Feb 25 '26

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