Judd Legum

@JuddLegum ↗

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Last Checked Aug. 8, 2022

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Thu Jul 21 11:23:47 +0000 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

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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

9. The five chip manufacturers poised to benefit most from the CHIPS Act and the trade association that represents them have spent $34.8 million on lobbying since 2020. @Intel alone has spent $10.9 million, including $1.75 million in the last three months — PolitiTweet.org

Posted July 21, 2022