[ChicagoConservative27]

More theft

[Tench_Coxe]

Now we know where the creative accounting finds more money to shove at Ukraine.

[Worldtraveler once upon a time]

Government monies going to private industries will become "sources" for funding, as funding from once-pliable Congress slows down. Grants will be un-granted. Subsidies un-subsidied.

Everyone is looking for someone else's buck to spend.

[ClearCase_guy]

They recently “found” $300M to give to Ukraine. I wonder where that money came from?

[PAR35]

Well, the money for Ukraine had to come out of someone’s bucket.

[G Larry]

The competition pissed off Biden’s China overlords...

[indthkr]

"More theft"

The Pentagon was happy to send pleny of money to Chuck Schumer's Woke Semiconductor Plantation in New York.

[microgood]

I think this is retaliation for Intel cancelling its US plant plans after seeing the DEI requirements companies must adopt to get the grants.

[ProtectOurFreedom]

There was an article yesterday saying the “CHIPS” act is a huge bust because it has all sorts of onerous requirements for companies going WOKE and they want nothing to do with that. It predicted that nobody would take the money. The Pentagon was probably told that so they made it appear they are pulling the money back when in reality Intel said FU.

[Sacajaweau]

now if they were UNION...

[AnotherUnixGeek]

From what I’ve been reading, the CHIPS Act money was not finding many takers, anyway. Withdrawing a contribution from a fund that no one wants to use due to the onerous strings attached isn’t likely to be a game changer.

[jagusafr]

A Ponch in the gut, to be sure [old-guy CHiPS reference]

[Zathras]

For those who don’t know, an advanced fab 5nm fab costs around 5B to build and get up and running.
I bet this was for the Intel Ohio plant.

[1Old Pro]

They already bought out Global Foundries, now they don’t need Intel.