If we don't want to subsidize tech companies, that's a great rationale for eliminating it. The downside is that there is zero probability that semiconductor foundries will relocate here without it.
“The CHIPS Act had strong bipartisan support”
When you throw money at red and blue states you can usually get bipartisan support.
As I recall, the Chips act was larded up with so many onerous DEI requirements that it makes it difficult to adequately staff new manufacturing facilities.
How old is Ponch now anyway?
Only the prince of morons would move a fab to NY.
Every time they have tried moving a fab to the East Coast, it has been a huge failure.
IBM sold the last of its fab to GF and then GF dumped it.
Modern fabs cost at least 20B and then you MUST keep them full and running 110% all the time.
Intel used to be the best at this.
Not anymore.
Government subsidies don’t work All they do is to encourage unions to ask for the moon continuously.