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Intel took billions from the CHIPS Act, and gave nothing back
Well, ladies and gentlemen: the chips are down — literally and figuratively.
Two years ago, Joe Biden and Kamala Harris touted their “Chips Act” to bring the semiconductor industry back home from Taiwan, China and Singapore. Or consider that the Biden administration passed its Green New Deal —dishonestly called the “Inflation Reduction Act” — with hundreds of billions for solar and wind companies. But as we’ve seen with electric vehicles and green energy in recent years, trusting the government to take charge is about the worst way for any business to succeed.
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