The Importance of Auctions

The Inflation Reduction Act has introduced a whole new level of auctions. States and even countries offer concessions to get companies to invest in manufacturing with them rather than working with them. At state, for those investing in green energy or in semiconductors. The whole point of this is to increase innovation, research and development in the industry. We're not giving you taxpayer money to fluff your pillow and increase your profit and give it away to your shareholders. Yes, the IRA is something that we've had to step up to to make sure we're competitive but we're going to be a lot more strategic about how we, you know, pick and choose the right investors.