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TexasTowelie

(115,319 posts) Wed Mar 20, 2024, 08:57 PM Mar 2024

Biden announces $8.5 billion federal investment in Intel computer chip plants - CBS News

On Wednesday, President Biden unveiled an $8.5 billion agreement with tech giant Intel in Arizona. The funding is part of the CHIPS Act and will create 30,000 manufacturing and construction jobs. Jared Bernstein, White House economic adviser, joins "America Decides" to discuss.

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Biden announces $8.5 billion federal investment in Intel computer chip plants - CBS News (Original Post) TexasTowelie Mar 2024 OP

I never understood why we lost control of chip manufacturing in the 1st place. OAITW r.2.0 Mar 2024 #1

What I hate about this CBS report ClimateHawk Mar 2024 #2

OAITW r.2.0

(27,158 posts)

1. I never understood why we lost control of chip manufacturing in the 1st place.

Reply to TexasTowelie (Original post)

Wed Mar 20, 2024, 09:02 PM

Mar 2024

We should always have been producing these chips....highly automated processes. Cost to move chips to worldwide users, nil. It was always a national security issue to move chip making tech offshore.

ClimateHawk

(276 posts)

2. What I hate about this CBS report

Reply to TexasTowelie (Original post)

Wed Mar 20, 2024, 09:44 PM

Mar 2024

Is how after reporting on President Biden’s agreement with Intel and how it will create thousands of jobs they then show polls about how much republicans say they hate the economy. It infuriates me. Maybe people think it sucks because they’re bombarded with negative news stories day in and day out? It's why I no longer watch the news media.

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