Post #1139385
2026-04-05 22:55 UTC
More so both are factors towards onshoring happening. Same with PVs and batteries. Though Trump’s other policy undermind a lot of that progress as well.
The CHIPs act also favored union work and even funneled some money to worker owned shops. That so far seemed to be toothless in keeping this admin aligned there
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@UnderpantsWeevil@lemmy.world 2026-04-06 14:15
The CHIPs act also favored union work and even funneled some money to worker owned shops. It overwhelmingly favored Intel, for better or worse. And the early influx of cash did nothing to prevent Intel from axing 15,000 jobs. I’m not here to praise Trump for any of his trade policies. But what Biden pitched through the CHIPs Act was largely a bailout for under-performing domestic producers more focused on dividends than scaled production or R&D. He’d have been better off nationalizing Intel than just handing them bricks of cash in the form of grants and low-interest loans. That is (kinda) what Trump ended up doing when he ordered the Treasury to take a 10% stake in the firm.