On CNBC now, TJ says the Chips Act will screw AMD and benefit Intel. He says this punishing the good and rewarding failure in the last Chips Act did far more damage than good by only allowing the favored companies access to the top equipment and extra money. He said Intel having a business person as leader instead of a technical person ruined Intel and hurt the US chip industry more than it helped. He sees this happening again. He is one I listen to carefully. Backing failure is never a good move. Better to give the money to AMD and Nvidia is his view.
It is corporate welfare. CHIPS Act money should go to Micron to better compete in memory. Only 2 percent of global memory supply is manufactured in the US, and all of that is produced by Micron. Without memory there is no logic.
GF and Skywater are lost causes. Intel, Samsung, and TSMC do not need it. The chip shortage is over and for those of you who think building fabs in the US will solve our geopolitical semiconductor problems you are wrong. It takes the whole world to build chips.
Let the corporate begging begin:
“The bold, historic votes taken in the Senate and House by Senator Young and Representatives Baird, Mrvan, Carson and Hollingsworth will be remembered for reigniting the private investments and public-private partnerships to solidify America’s leadership in research and development while reversing the trend of our shrinking, domestic manufacturing production,” said Thomas Sonderman, president & CEO of
SkyWater Technology. “Great nations build things and these members of Congress representing Indiana joined colleagues from around the U.S. in recognizing that America needs to do more to compete in a global economy to bolster our national security and advance the foundational technologies upon which American innovators rely.”
“With the votes taken today in the House of Representatives and yesterday in the U.S. Senate, Congress has expressed broad, bipartisan and national support for leveling the playing field for competitive semiconductor manufacturing in the U.S.,” said Dr. Thomas Caulfield, president and CEO of
GF. “This week, Congress took action to protect U.S. economic, supply chain and national security by accelerating semiconductor manufacturing on American soil.”
“The investment being made will pay dividends through creation of high-paying jobs, community vitality, research and development, and innovation in the U.S.,” Caulfield added. “For GlobalFoundries, joint GF-customer-government partnership is a great example of how our nation’s greatest challenges can be solved by embracing new strategies and partnering together.”
“We are grateful to Speaker Nancy Pelosi, Congressman Paul Tonko, Congressman Peter Welch, CHIPS Act sponsors Congressman Michael McCaul and Congresswoman Doris Matsui, and the many steadfast leaders in the House, Senate, White House and Department of Commerce who helped us overcome obstacles and remained focused on increasing the U.S. share of global semiconductor manufacturing in America,” said Caulfield. “The leadership, persistence and spirit of collaboration and compromise on both sides of the aisle and across different branches of government are the reason we’ve reached this critical moment.”
“We applaud Congressional passage of the CHIPS Act in support of the U.S. semiconductor industry. As I testified earlier this year before the U.S. Senate Commerce Committee, the CHIPS Act is beneficial for the semiconductor ecosystem and the US innovation economy at large. While the equipment sector may not be the primary focus of this bill, the inclusion of financial assistance for fab-related investments and research and development will bolster our key customers’ activities to grow US domestic chip production, of which Lam is a critical enabler. We look forward to the implementation of this important legislation.” –
Tim Archer, Lam Research President and CEO