Semiconductor Socialism — Why Such a Rush to Pass the CHIPS Act?

“Money for nothing and CHIPS for free” is not a thing. Is the CHIPS Act only a $300B bill designed to boost polls for Congress and Biden?

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Suddenly over the past week, the CHIPS Act has been back in the news.

Is this good news, or is it the foreshadowing of a $300 billion boondoggle that could end up hobbling the U.S. economy in addition to not really doing much for the U.S. semiconductor industry?

Mainstream corporate media has generally been telling us that this is AWESOME news.