In the good old days the Republican fascists funded domestic companies, now the Democrat fascists fund the foreign companies

 Taiwan last week, South Korea this week.

The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas.

The funding announced Monday by the Commerce Department is part of a total investment in the cluster that, with private money, is expected to exceed $40 billion. The government support comes from the CHIPS and Science Act, which President Joe Biden signed into law in 2022 with the goal of reviving the production of advanced computer chips domestically.

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24 Republicans voted for $280 billion fascist Chips and Science Act in July 2022 even though they didn't need to, latest award goes to Taiwan Semiconductor Mfg. Co.

 The July 2022 roll call vote is here.

TSMC’s Arizona subsidiary is set to receive up to $6.6 billion in U.S. government funding under a preliminary agreement announced by the Biden administration on Monday. 

The funding, under the U.S. CHIPS and Science Act, will support Taiwan Semiconductor Manufacturing Co.’s more than $65 billion investment in three cutting-edge fabrication plants in Phoenix, according to the nonbinding agreement.

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Dunderheads Peter Meijer and Fred Upton from Michigan voted for the bill, in addition to other has-beens like Adam Kinzinger and Liz Cheney.

 

 

Fascist Joe Biden makes $20 billion in grants and loans to Intel in Arizona under the $114 billion Chips Act, which is all borrowed money, to buy votes

Democrats are more than willing to hand Joe Biden slush money to buy votes, but $25 billion for a wall? No way. 

Bloomberg doesn't even hide it:

(Bloomberg) -- President Joe Biden said his $20 billion award to Intel Corp. demonstrated his investments in US industries that had withered under Donald Trump’s tenure, touting a flurry of government spending he hopes will help him defeat his Republican rival in a general-election rematch. ...

Biden trails Trump in several crucial states, including Arizona, as voters remain skeptical of the president’s handling of the economy. Biden is responding by using his bully pulpit, as well as federal dollars, in states to show the public the results of his plans. The president said Wednesday’s announcement would support 10,000 manufacturing jobs, including 3,000 in Phoenix. ...

Intel is the first company to land a preliminary funding deal from the Chips Act for advanced manufacturing facilities. The law provided $39 billion in grants, plus loans and guarantees worth $75 billion to persuade companies to build factories on US soil and reverse a decades-long shift of semiconductor production to Asia.