tech

Biden presses Congress to pass $52 bln semiconductor subsidies

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Commerce Secretary Gina Raimondo called the microchips "a cornerstone technology that underpin our entire economy" and warned that the United States has already fallen far behind.

US importers are "utterly dependent on Taiwan for the leading edge chips," she said, while China is already investing heavily in its state-sponsored semiconductor industry.

"It's not possible to have a strong economy and a strong country if we don't make things in America," she said, also calling on Congress to get the spending bill "over the finish line and onto your (Biden's) desk this week. It's vital."

Is she morphing into Ms Orange?

Why does everything need to be subsidised? If making chips is profitable then surely private companies can do it alone?

3 ( +4 / -1 )

Sure he does! Right after Paul Pelosi bought 5 mullion dollars of……drumroll…..semiconductor stock!

-2 ( +2 / -4 )

who is being pushed to do this? Congress!

where does Mrs. pelosi not only work but lead? Congress!

methinks there will be very little actual “pushing” needed.

-2 ( +2 / -4 )

Nice to them following Trump's advice! He stated this years ago.

-2 ( +2 / -4 )

BlacklabelToday  08:41 pm JST

Sure he does! Right after Paul Pelosi bought 5 mullion dollars of……drumroll…..semiconductor stock!

But she denied it!!!!!!!

"Absolutely not," Pelosi, a Democrat from California, said at a press conference after a reporter asked whether her husband, Paul Pelosi, had ever invested in stocks using "information he had received from you."

-1 ( +1 / -2 )

Regardless as to the Politics - and the insider dealers (who should soon get their comeuppance), the U.S. just like other Countries, need to get their act together and stop being dependent upon their adversaries... how they collectively got into that situation, is another story, but right now, an emergency situation has arisen that needs fixing - clear and simple. Fix it, move on, otherwise capitulate to thy external enemies who are most likely behind a lot of this internal squabbling... the CCP has, a lot of $ influence amongst many Politicians Globally... so beware.

1 ( +1 / -0 )

@Kaerimashita

Why does everything need to be subsidised?

TSMC and Samsung won't invest in US fabs unless subsidized.

Given that the Chinese invasion of Taiwan is a matter of when and not if, the US must try to bring TSMC's capacity to the US as much as possible before the invasion takes place, since the US intends to destroy all of TSMC's sub 10nm fabs with cruise missiles before leaving Taiwan.

-4 ( +0 / -4 )

Fear of China??, as always..

0 ( +1 / -1 )

what was it that made you such a bitter man?

pointing out “inconvenient” truth is s public service. Is it not wrong to do what was done?

The response? “But Trump” tells me all I need to know.

things like this if left unchecked is an actual “threat to democracy”.

-1 ( +1 / -2 )

But she denied it!!!!!!!

"Absolutely not," Pelosi, a Democrat from California, said at a press conference after a reporter asked whether her husband, Paul Pelosi, had ever invested in stocks using "information he had received from you."

What she and her husband did it’s not actually legal, but ethical? It just doesn’t look good politically to do what they did, and I had that been a conservative politician doing the same thing, you wouldn’t hear the end of it and the Democrats are trying to hold investigations on that, not to mention they were trying to get them out of office without a doubt, these are the things that make people distrust our political leaders, especially Congress, that’s why they have less than a 9% approval rating.

-1 ( +0 / -1 )

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