Let’s rebuild the US microchip industry – not give it a $50bn-plus check | Bernie Sanders

Let’s rebuild the US microchip industry – not give it a $50bn-plus check | Bernie Sanders

2 years ago
Anonymous $0BkBa0cUPa

https://www.theguardian.com/commentisfree/2022/jul/14/us-microchip-industry-bernie-sanders

If private companies are going to benefit from taxpayer subsidies, the financial gains made by these companies must be shared with the American people

For two months, a 107-member conference committee has been working to finalize an agreement on the US Innovation and Competition Act (USICA) which would provide more than $50bn in corporate welfare to the highly profitable microchip industry with no strings attached.