this post was submitted on 02 Aug 2024
186 points (95.6% liked)

technology

23178 readers
318 users here now

On the road to fully automated luxury gay space communism.

Spreading Linux propaganda since 2020

Rules:

founded 4 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[โ€“] WashedAnus@hexbear.net 14 points 1 month ago* (last edited 1 month ago) (1 children)

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.

[โ€“] Lovely_sombrero@hexbear.net 4 points 1 month ago

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.