CHIPS was always going to be a giveaway for nothing. It reminds me of that FoxConn CEO’s quote about the fact that the US could pay them to fab in America but nothing would actually come of it. Then they just dropped that $10B Wisconsin project as soon as possible.
That was under Trump. Biden literally saw this and doubled down thinking that TSMC would roll over.
CHIPS was always going to be a giveaway for nothing. It reminds me of that FoxConn CEO’s quote about the fact that the US could pay them to fab in America but nothing would actually come of it. Then they just dropped that $10B Wisconsin project as soon as possible.
That was under Trump. Biden literally saw this and doubled down thinking that TSMC would roll over.