Judd Legum

@JuddLegum ↗

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Last Checked Aug. 8, 2022

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Thu Jul 21 11:18:07 +0000 2022

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Judd Legum @JuddLegum

6. Will $76 billion in subsidies incentivize these companies to build new fabs? Or will this money simply be a windfall for companies that are already expanding their capacity in the United States? https://t.co/B2hAqa3VYw — PolitiTweet.org

Posted July 21, 2022

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Judd Legum @JuddLegum

5. But geopolitical instability is not just a national security concern. It's also an economic risk. That's why, even in the absence of federal subsidies, chip makers are building new manufacturing facilities in the US. They want to ensure a consistent supply to a large market. https://t.co/kmR6274iyF — PolitiTweet.org

Posted July 21, 2022

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Judd Legum @JuddLegum

7. It's not like these companies lack the resources to build new facilities themselves. @Intel, the largest proponent of the bill, had $20 billion in profits. It paid its CEO, Pat Gelsinger, $176 million. Since the start of the pandemic, it spent $16.6 billion on stock buybacks. https://t.co/Ot34se9UTX — PolitiTweet.org

Posted July 21, 2022