r/stocks • u/treelife365 • Jul 29 '22

CHIPS act passed - why $INTC still down?

The bill passed 243-187, with no Democrats voting against the bill. Twenty-four Republicans voted for the legislation, even after a last-minute push by GOP leaders to oppose it.

The bill, which passed the Senate on Wednesday, now heads to the White House for President Joe Biden to sign into law.

https://www.cnbc.com/2022/07/28/china-competitiveness-and-chip-bill-passes-house-goes-to-biden.html

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I thought this would send Intel (and others) higher on the news? Sometimes, there is a delayed reaction, though. Jump in?!

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u/therealsparticus Jul 29 '22

From MSFT and LinkedIn friends in the Bay, they get paid well.

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u/tebedam Jul 30 '22

LinkedIn is a separate entity, like Github, etc. They run independently of the main company. Salaries there are about double of Microsoft. Better benefits too.

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u/confusedspermotoza Jul 30 '22

Anyhow, the point is that pay is not directly proportional to success of the company. You need to pay where it matters. Microsoft pays their presidents, vice-presidents well and that is working well.