…The Biden-Harris administration’s argument is that the government support encourages additional private investments, a case that appears to apply to Wolfspeed.”
intothewoods76 on
It’s a $750 million corporate handout.
Samwellikki on
Anyone who watched Brave Starr knows its ears of a wolf, speed of a puma…
5 Comments
Snippets from the article:
“The money will be used to support the company’s new silicon carbide factory … that makes the wafers used in advanced computer chips…
…Wolfspeed’s use of silicon carbide enables the computer chips used in electric vehicles and other advanced technologies to be more efficient.
…The Biden administration [helped shepherd the 2022 CHIPS and Science Act through Congress](https://www.cbsnews.com/live-updates/biden-chips-act-signing-watch-live-stream-today-2022-08-09/) amid concern after the pandemic that the loss of access to chips made in Asia could plunge the U.S. economy into recession. Lawmakers at the time expressed concern about efforts by China to control Taiwan, which accounts for [more than 90%](https://www.usitc.gov/publications/332/working_papers/us_exposure_to_the_taiwanese_semiconductor_industry_11-21-2023_508.pdf) of advanced computer chip production.
…The Biden-Harris administration’s argument is that the government support encourages additional private investments, a case that appears to apply to Wolfspeed.”
It’s a $750 million corporate handout.
Anyone who watched Brave Starr knows its ears of a wolf, speed of a puma…
How can the government invest in a company?
Is this some kind of bad wolf cola knockoff?