CHIPS and Science Act Archives

Semiconductor Giant Faces U.S. Delays While Racing Ahead in Japan amid Biden Chips Funding Uncertainty

March 15, 2024 Virginia Star Staff

A major Taiwanese chip manufacturer’s plan to build a key factory in the U.S. has been plagued with significant delays. Meanwhile, the chipmaker is on schedule to open a separate facility in Japan.

One of the plants Taiwan Semiconductor Manufacturing Company (TSMC) is building in Arizona has delayed manufacturing until 2027 or 2028 instead of 2026 because of uncertainty regarding funding it will receive from President Joe Biden’s administration, according to The New York Times. TSMC’s factory in Japan is on track to operate on schedule as the country’s government has helped the factory by committing billions in funding and assisting with assembling thousands of employees to build it, the WSJ reported.

Biden Energy Department Ill-Prepared to Combat Fraud as it Spends Billions on Infrastructure

November 27, 2023 Just the News

The U.S. Energy Department faces major management challenges ranging from hacking vulnerabilities to foreign espionage and could create “massive new risks to the taxpayer” as it spends tens of billions of dollars in new spending from President Joe Biden’s signature infrastructure initiative, the agency’s internal watchdog warns.

The Office of Inspector General offered a stark assessment of the department under Secretary Jennifer Granholm, pointedly warning losses from fraud in the current infrastructure spending could mirror that seen during the COVID pandemic, where taxpayers now lost an estimated $200 billion government wide.

Chip Manufacturer Announces Layoffs Despite Biden Admin Subsidies to the Industry

August 4, 2023 The Center Square

Top semiconductor manufacturer Qualcomm announced a new round of layoffs on Wednesday, even after the industry received huge subsidies from the Biden administration, according to The Wall Street Journal.

Qualcomm, a major American producer of semiconductors, announced a new round of layoffs after seeing a 25% decline in its mobile-phone chip business compared to the previous year, according to the WSJ. The semiconductor industry has received huge subsidies from the Biden administration through the CHIPS and Science Act, which was signed into law in August 2022 and included $52 billion in subsidies for domestic semiconductor manufacturers.

Spanberger Blasts House Democratic Leadership for Intentionally Killing Congressional Trading Reform, Vega Says It’s a Stale Pre-Election Routine

October 1, 2022September 30, 2022 Eric Burk

Representative Abigail Spanberger (D-VA-07) criticized Speaker of the House Nancy Pelosi (D-CA-12) and House Democratic leadership for moves that killed bipartisan congressional stock trading reform legislation, but her opponent in the election Yesli Vega said in a press release that the congresswoman “isn’t fooling anyone.”

“This moment marks a failure of House leadership. This moment is yet another example of why I believe that the Democratic Party needs new leaders in the halls of Capitol Hill — as I have long made known,” Spanberger said in a Friday press release.

Spanberger Blasts House Democratic Leadership for Intentionally Killing Congressional Trading Reform, Vega Says It’s a Stale Pre-Election Routine

October 1, 2022 Eric Burk

Kiggans Criticizes Luria for CHIPS and Science Act Vote While Holding NVIDIA Stock

August 2, 2022August 1, 2022 Eric Burk

State Senator Jen Kiggans (R-Virginia Beach) is criticizing her opponent for Congress Representative Elaine Luria (D-VA-02) for voting in favor of the CHIPS and Science Act while holding NVIDIA stock.

“Elaine Luria’s vote to provide billions of dollars in subsidies for an industry in which she owns up to $25 million in stocks would be unethical, self-serving, and the latest example of how she will put her bottom line ahead of her constituents’ well-being,” Kiggans said the day of the vote.