The announcement comes after the passage of the CHIPS and Science Act of 2022, a $52 billion federal law encouraging more domestic semiconductor production.
A 20 year time horizon? Seriously? I'm all for domestic memory manufacturing for strategic reasons, but this "plan" smells funny. Like it's undercooked. How can anyone in an industry as dynamic as chip manufacturing seriously plan over 20 years? I'm glad for stockholders they added that "up to" clause in the announcement.