Microchip subsidy sleight-of-hand ...Middle East

Microchip lobbyists have been doing their best P.T. Barnum impressions for months, pushing for billions of dollars in subsidies without which the future of American microchip manufacturing is, apparently, doomed. But as Barnum reputedly said, “There’s a sucker born every minute.” While domestic chip manufacturing may merit a little congressional attention, what we’re seeing is a rhetorical sleight-of-hand that has exacerbated a larger problem in our state capitals. The latest incarnation of the CHIPS Act just made it through Congress before the August recess. The legislation authorizes $54 billion for computer chip subsidies, with $39 billion earmarked for commercial microchip manufact

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Microchip subsidy sleight-of-hand ...Middle East

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