Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

Source: Hacker News

Article note: Woof, that's a lot of money. In abstract, investing in domestic semiconductor manufacturing is a good thing. Unfortunately, I suspect it's mostly going to be looted without much benefit, like when the U.S. tries to invest in telecom. As someone in the HN thread pointed out, the Senate just voted down an $11B school meals program but went for a $50B handout to major companies, and that's distasteful.
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