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Vale Tudo
CNBC Television
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Comments by "Vale Tudo" (@valetudo1569) on "Will the CHIPS Act be good for U.S. manufacturing? Here are both sides of the argument" video.
They should have included the amendments that prohibited these companies from using the funds on stock buybacks and some of the amendments introduced by Sanders and Rubio. Of course the corporations benefiting from this bill lobby'd against that and won I pushback on his assertion that because of short term economic slowdown creating less demand for chips, this isn't needed. First of all, it 'll take years to see any manufacturing benefit from this - well beyond the short term decline in the demand for chips...not to mention when (not if) China tries to take back Taiwan - we absolutely cannot be caught flat footed, and need to diversify the chip supply chain
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