Judd Legum

@JuddLegum ↗

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Last Checked Aug. 8, 2022

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Thu Jul 21 11:20:34 +0000 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

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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

8. @Intel pretended it was delaying the groundbreaking at a new Ohio facility until the CHIPS Act becomes law But, as it turns out, @Intel only delayed the groundbreaking CEREMONY. Construction has already started. An Intel spokesperson admitted the timeline didn't change. — PolitiTweet.org

Posted July 21, 2022