US billionares try to improve chip industry

Stefan Mileschin · 14th June 2022, 07:18

Better than providing health benefits for poor people

An alliance made up of US billionaires is stumping up the money to improve the US chip industry.

The alliance sees the unlikely pairing of Eric Schmidt, the former CEO of Google and a longtime Democratic donor, has joined Peter Thiel, a co-founder of PayPal and a vocal Trump supporter working together to prove that when it comes to money there is no politics.

The group also includes a cadre of former government officials, including Ash Carter, a former secretary of defense, and H.R. McMaster, a former national security adviser.

Of course, they are not having to front up with the cash themselves. They have a number of tame Congress people who are going to hand over tons of Taxpayer cash to help the project.

The group, called America’s Frontier Fund, describes itself as “the nation’s first deep-tech fund that invests for the national interest.”

https://fudzilla.com/news/54995-us-b...-chip-industry

14th June 2022, 07:18	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,578	US billionares try to improve chip industry Better than providing health benefits for poor people An alliance made up of US billionaires is stumping up the money to improve the US chip industry. The alliance sees the unlikely pairing of Eric Schmidt, the former CEO of Google and a longtime Democratic donor, has joined Peter Thiel, a co-founder of PayPal and a vocal Trump supporter working together to prove that when it comes to money there is no politics. The group also includes a cadre of former government officials, including Ash Carter, a former secretary of defense, and H.R. McMaster, a former national security adviser. Of course, they are not having to front up with the cash themselves. They have a number of tame Congress people who are going to hand over tons of Taxpayer cash to help the project. The group, called America’s Frontier Fund, describes itself as “the nation’s first deep-tech fund that invests for the national interest.” https://fudzilla.com/news/54995-us-b...-chip-industry

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