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 ...
DEI = Destroy Everything Intentionally
bttt
The mandates come with the $39 billion in federal grants.
While Florida can't offer this much of our tax dollars, they might be able to come up with some plan that's profitable.
I heard about the dropped tire and the one that ran off into the grass in Houston. What were the other two?
Here you go - 3 times in one week!
https://fortune.com/2024/03/08/boeing-united-airlines-runs-off-taxi-tire-engine-fire/
There was a United flight that was enroute from Maui to San Francisco before the still unexplained fire.
The flight was operated by “pilots” who were inexperienced.
It’s been reported that the flight was like a roller coaster ride and, at one point, the plane came within 100 feet of
crashing into the Pacific Ocean.
I heard that United had trained some flight attendants to be pilots. Good God.
On Greg Stitchfield’s podcast not that long ago, he aired a video of United Airlines’ CEO dressed up in a short dress and a long-haired blonde wig at some function. Unbelievable.
Why do they need subsidies?
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