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The administration says the conditions it has attached to $40 billion in new subsidies will help U.S. semiconductor makers compete globally. Some economists disagree.
The move seeks to help more women join the work force as industry leaders complain of labor shortages.
In return for vast subsidies, the Biden administration is asking the chip industry to make promises about its workers and finances.
Semiconductor companies, which united to get the CHIPS Act approved, have set off a lobbying frenzy as they argue for more cash than their competitors.
Airtime. what kind of consequences, how do you see this playing out? >> it's not easy to see exactly what they mean by that. i think that the truth is were china to start aiding russia in a significant way, it would be a game changer. the russians are running out of supplies, they're running out of missile. they're running out of hi-tech gear. china could fill many of those gaps, not all those gaps. and the state of u.s.-china relations is so bad, it's not clear what the chinese have to fear. the biden administration has already continued the trump tariffs. they have blocked china's access to ...