According to NIST (National Institute of Standards and Technology), “Updated July 26, 2024”
CHIPS Incentives application stage: Due diligence
Payments have not been disbursed yet. The money is supposed to be disbursed when the fabs are producing chips, IIRC, and they have barely started moving tools into one of the fabs. The article linked in the X.Com The Everything App post you linked says the payments and loans were announced. One of the big sticking points of the act was the government didn’t want to Foxconn it, so they tied payment to completion. According to NIST, they haven’t paid anyone shit yet.
A bigger chunk of their shit earnings can be blamed on Brandon prohibiting them from selling chips to the largest market in the world.
They are still getting most of the tax cuts and other stuff. Just maybe not the $15 billion for the actual factories, but I also expect them to get a lot of that $$$ in the end. The Biden (or whoever wins in 2024) government can basically do whatever they want at any point.
According to NIST (National Institute of Standards and Technology), “Updated July 26, 2024”
Payments have not been disbursed yet. The money is supposed to be disbursed when the fabs are producing chips, IIRC, and they have barely started moving tools into one of the fabs. The article linked in the X.Com The Everything App post you linked says the payments and loans were announced. One of the big sticking points of the act was the government didn’t want to Foxconn it, so they tied payment to completion. According to NIST, they haven’t paid anyone shit yet.
A bigger chunk of their shit earnings can be blamed on Brandon prohibiting them from selling chips to the largest market in the world.
They are still getting most of the tax cuts and other stuff. Just maybe not the $15 billion for the actual factories, but I also expect them to get a lot of that $$$ in the end. The Biden (or whoever wins in 2024) government can basically do whatever they want at any point.