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The US Government's Plan to Subsidize US Chip Manufacturing
CNN's John Defterios has been spending a lot of time looking at the chips act for a big story that I guess will probably be out by the time this publishes. Looking through the notice of funding opportunity, it really just doesn't do much to change what it costs to run one of these in America and in some cases very arguably will make it higher. A lot of these ideas might be good ideas but if you start from the perspective that US chip manufacturing fell behind because it's very costly to build and operate factories here, it is very hard for me to look at this document and say what they're trying to address is a cost differential. They're subsidizing on one side;