Odd Lots
Lots More on How CHIPS Act Money Got Awarded
May 3, 2024
Mackenzie Hawkins, a Bloomberg News reporter specializing in the semiconductor industry, dives into the complexities of the CHIPS Act funding. She reveals how $8.5 billion was recently granted to Intel and discusses the challenges faced by companies like TSMC. The conversation highlights the U.S.'s effort to boost domestic chip production amid international competition, labor issues, and supply chain vulnerabilities. With a focus on the future of AI-driven demand and military implications, Hawkins provides a comprehensive look at a critical industry undergoing significant transformation.
31:34
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Quick takeaways
- Semiconductor projects in the US face delays and labor shortages, impacting industry efficiency and growth.
- US officials impose export controls on advanced chips to counter China's dominance in legacy chip production, leading to potential tariff considerations.
Deep dives
Challenges in Factory Setup and Labor Shortages
Delays and workforce shortages impact semiconductor factory projects in the US. Issues include delays at TSMC due to lack of skilled workers in Arizona and unresolved labor disputes. Companies like Micron are pausing operations to match market demand, highlighting industry's cyclical nature.
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