Opponents of CHIPS Act say it could subsidize construction of semiconductors in China, not America
(The Center Square) – Opposition to the CHIPS Act is growing after Texas Gov. Greg Abbott urged Congress to pass it and Florida lawmakers expressed...
(The Center Square) – Opposition to the CHIPS Act is growing after Texas Gov. Greg Abbott urged Congress to pass it and Florida lawmakers expressed opposition to it. Passing the bill, proponents argue, is necessary to bolster semiconductor production in the U.S. and reduce reliance on foreign production especially in China. When it was initially introduced, the bill would cost taxpayers $76 billion. Since then, it's ballooned to $250 billion and is full of taxpayer subsidies to multi-billion-dollar companies with no strings attached for how the money is spent, opponents argue.