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'Biden's DEI rules are worse than HAMAS': Top microchip makers are postponing US expansion and instead expanding in dangerous Israel and Russia because American grants come with so many 'equity' caveats
The Daily Mail ^ | Joe Hutchison | 09 Mar 2024

Posted on 03/09/2024 4:37:38 PM PST by MinorityRepublican

Top microchip makers are postponing their expansion into the U.S. and setting up shop in Israel and Russia due to equity caveats that are required for them to receive grants from the U.S. government.

The Biden administration promised earlier this year that they would be handing out $39 billion in grants to encourage semiconductor manufacturing in the U.S.

Shortly after the announcement however, Intel announced they would be holding off on their Columbus factory, while Samsung also delayed their facility in Texas.

Despite the billions in subsidies, two experts believe the tech companies' decision to back out of building manufacturing facilities in the U.S. stems from the diversity, equity and inclusion policy.

In an opinion piece for The Hill, CEO of Strive Asset Management Matt Cole and head of research at the company, Chris Nicholson, say the subsidies are so 'loaded with DEI that it can't move.'

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Foreign Affairs; Front Page News; Government; Politics/Elections; Technical
KEYWORDS: china; chips; commerce; dei; industry; iran; israel; russia; technology
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1 posted on 03/09/2024 4:37:38 PM PST by MinorityRepublican
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To: MinorityRepublican
Way to go BRANDON. You doofus.


2 posted on 03/09/2024 4:40:53 PM PST by MtnClimber (For photos of scenery and wildlife, click on my screen name for my FR home page. More photos added.)
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To: MinorityRepublican

Newspeak will make this a lie.


3 posted on 03/09/2024 4:41:14 PM PST by TornadoAlley3 ( I'm Proud To Be An Okie From Muskogee)
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To: MinorityRepublican

THANK GOD someone is pointing this crap out, as the Neocons are getting damn close to taking their Woke, DEI military into COMBAT against Russia, China or both. It’s time to get that crap out of our government, before it costs us our country - not to mention that it cost United Airlines 4 aircraft emergencies in ONE WEEK.


4 posted on 03/09/2024 4:41:36 PM PST by BobL (Trump gets my vote, even if I have to write him in; Millions of others will do the same)
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To: MinorityRepublican
The historians will write:

"When World War III broke out in a two front war against China and Russia, America expected it could mobilize a war footing much as it did during World War II. Unfortunately, environmental and DEI mandates made it impossible to build much needed munitions and equipment factories. America discovered they could not even build a single microchip."

5 posted on 03/09/2024 4:41:56 PM PST by Drew68
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To: MinorityRepublican

DEI -= Destroy Everything Instantly


6 posted on 03/09/2024 4:42:38 PM PST by butlerweave
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To: MinorityRepublican

Brandon did this!


7 posted on 03/09/2024 4:42:52 PM PST by ducttape45 (Proverbs 14:34, "Righteousness exalteth a nation: but sin is a reproach to any people.")
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To: MinorityRepublican

Feb 6, 2024 ... Taiwan Semiconductor Manufacturing Co announced plans in 2021 to build a $7 billion chip plant in Kumamoto in southern Japan’s Kyushu.


8 posted on 03/09/2024 4:45:05 PM PST by linMcHlp
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To: MinorityRepublican

“Made with the Transvestite Label”


9 posted on 03/09/2024 4:46:04 PM PST by linMcHlp
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To: MinorityRepublican

Hopefully this time next year, all of this will just feel like a bad dream.


10 posted on 03/09/2024 4:46:07 PM PST by mikey_hates_everything
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To: MinorityRepublican

DEI, the gift that keeps on giving, just like STD’s.


11 posted on 03/09/2024 4:46:42 PM PST by wjcsux (On 3/14/1883 Karl Marx gave humanity his best gift, he died. )
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To: MinorityRepublican

This is *not* an unintended consequence.


12 posted on 03/09/2024 4:47:55 PM PST by Salman (It's not a slippery slope if it was part of the program all along. )
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To: MinorityRepublican

Maybe they could build in Florida where Governor DeSantis has eviscerated DEI mandates?


13 posted on 03/09/2024 4:48:12 PM PST by Drew68
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To: BobL

“ THANK GOD someone is pointing this crap out, as the Neocons are getting damn close to taking their Woke, DEI military into COMBAT against Russia, China or both. It’s time to get that crap out of our government, before it costs us our country - not to mention that it cost United Airlines 4 aircraft emergencies in ONE WEEK.”
Stay away from United Airlines!


14 posted on 03/09/2024 4:48:45 PM PST by wjcsux (On 3/14/1883 Karl Marx gave humanity his best gift, he died. )
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To: MinorityRepublican

Out of control government is out of control.


15 posted on 03/09/2024 4:52:36 PM PST by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: All

dei killed the chips act

chris nicholson
the hill
2024-03-07

https://freerepublic.com/focus/f-news/4222844/posts


16 posted on 03/09/2024 4:52:48 PM PST by SteveH
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To: Drew68

That and the fact that we have far less industry to repurpose to war manufacturing. China alone makes 8 times as much steel as does the US and has over 200 times the shipbuilding capacity. If we get a full scale war with China, we are going to get into it with our pants down unless we get rid of Biden.

We do have far more vicious trannies though. I feel so safe.


17 posted on 03/09/2024 4:55:11 PM PST by wildcard_redneck (He who sacrifices freedom for security deserves neither.)
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To: wildcard_redneck

Russia is now significantly outpacing us and the EU in defense manufacturing. The Chinese even more so.


18 posted on 03/09/2024 4:56:32 PM PST by Thunder90 (All posts soley represent my own opinions)
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To: Drew68

“Unfortunately, environmental and DEI mandates made it impossible to build much needed munitions and equipment factories.”

A guy here mentioned the towing vehicle for the Patriot System, which is basically an oversized Hummer. So I looked it up and Wikipedia made a point of noting that it’s diesel engine (thank God) is EPA COMPLIANT.

Do we REALLY force that crap on military vehicles? Soot traps, full electronic control, and God knows what else. WTF is wrong with us?


19 posted on 03/09/2024 4:56:34 PM PST by BobL (Trump gets my vote, even if I have to write him in; Millions of others will do the same)
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To: linMcHlp

“Taiwan Semiconductor Manufacturing Co announced plans in 2021 to build a $7 billion chip plant in Kumamoto in southern Japan’s Kyushu.”

Yep, TSMC was going to build a Microchip plant in Arizona - couldn’t find enough locals who could read, so they wanted to IMPORT their key workers from Taiwan - we said NOPE!

They’re gone...no Semiconductor Plant for Arizona.


20 posted on 03/09/2024 4:58:55 PM PST by BobL (Trump gets my vote, even if I have to write him in; Millions of others will do the same)
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