Chipmakers might find that US subsidies have fine print

Stefan Mileschin · 2nd March 2023, 08:32

The government might want a share of your profits

Big Tech hoping to make a killing by having their chip expansion plans financed by the US government might want to look at the small print.

Big chip makers have been looking to the US government which wants to shorten supply chains away from China. The Biden government has promised $52 billion to Big Tech to build high tech fabs under the CHIPS semiconductor subsidy.

But according to a new document issued by the US Commerce Department companies that receive part of the CHIPS semiconductor subsidy from the US government will have to give up any significant excess profits that they accrue. If companies make much more than they expected, they’ll have to pay money back to the government.

https://fudzilla.com/news/56424-chip...ave-fine-print

2nd March 2023, 08:32	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,797	Chipmakers might find that US subsidies have fine print The government might want a share of your profits Big Tech hoping to make a killing by having their chip expansion plans financed by the US government might want to look at the small print. Big chip makers have been looking to the US government which wants to shorten supply chains away from China. The Biden government has promised $52 billion to Big Tech to build high tech fabs under the CHIPS semiconductor subsidy. But according to a new document issued by the US Commerce Department companies that receive part of the CHIPS semiconductor subsidy from the US government will have to give up any significant excess profits that they accrue. If companies make much more than they expected, they’ll have to pay money back to the government. https://fudzilla.com/news/56424-chip...ave-fine-print

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