Posted on 04/09/2024 5:25:06 PM PDT by CFW
A semiconductor company whose president was head of the now-bankrupt Solyndra solar energy company stands to receive $6.6 billion in funding from the Biden administration.
Under a preliminary agreement, according to CNBC, a subsidiary of Taiwan Semiconductor Manufacturing Co. (TSMC) in Arizona will receive the funding under the U.S. CHIPS and Science Act.
The company’s president is Brian Harrison.
The Washington Free Beacon reported that Harrison was CEO of Solyndra, which in the early 2000s was involved in the manufacturing of solar panels and considered at the forefront of the sustainable energy industry.
(Excerpt) Read more at justthenews.com ...
Doesn’t Congress control the $.. not the executive branch?
How 18th Century of you!
The U.S. CHIPS and Science Act was signed into law by Biden and passed the Senate 64 to 33 and passed the House 243 to 187.
This is the doing of both parties.
If the guys involved in the Teapot Dome scandal were around now, they would marvel at the corruption in the BiteMe administration.
It’s only taxpayer’s money
Democrats need to buy elections
C’mon man!!!
Another big f’ing deal.
so
much
winning
enough
with
the
winning
please
You don’t suppose Obama had anything to do with this or that he isn’t laughing at how stupid the American public is, do you?
Grifters gonna grift.
Excerpt from Wikipedia:
The loan program took a $528 million loss from Solyndra.[19][20] Additionally, Solyndra received a $25.1 million tax break from California’s Alternative Energy and Advanced Transportation Financing Authority.[21]
https://en.m.wikipedia.org/wiki/Solyndra
“ The loan program took a $528 million loss from Solyndra.”
So it makes perfect sense to give the guy over $6,000,000,000.00.
There isn’t enough rope in the world for these people.
L
Hey, it worked the first time.
I thought a private company was supposed to use private money...how are we involved in this crap.
Déjà vu all over again.
Failing up
2011: Center for Public Integrity: Solyndra CEO Brian Harrison resigns
by Matthew Mosk and Ronnie Greene
The CEO of Solyndra, a California-based solar energy company that received a controversial $535 million loan guarantee from the Obama administration, has resigned.
In papers filed with a bankruptcy court Wednesday, Solyndra said that Brian Harrison had left his post on Friday, Oct. 7, “as contemplated even before these cases were commenced.”...
A week after Solyndra’s bankruptcy filing, Federal agents searched the company’s California headquarters, and visited the homes of Harrison, company founder Chris Gronet and a former executive...
The House Energy and Commerce Committee has sought information from Solyndra’s prime investors — including Oklahoma oil billionaire George Kaiser, a bundler of campaign contributions to the president in 2008.
https://publicintegrity.org/politics/solyndra-ceo-brian-harrison-resigns/
more a union favor!
Jan 2024: Construction Dive: TSMC delays $40B Arizona chip factory again
Despite a labor union deal last month, the Taiwanese chip maker highlighted skilled labor shortages and access to government funding as lingering issues.
https://www.constructiondive.com/news/tsmc-deal-arizona-labor-union-chip-factory/704847/
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