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DEI killed the CHIPS Act: Semiconductor makers moving plants offshore

https://thehill.com/opinion/4517470-dei-killed-the-chips-act...
bipolar heaven
  03/09/24
Matt Cole is CEO and Chief Investment Officer for Strive Ass...
Fragrant Office Sweet Tailpipe
  03/09/24
I had not heard this. Wild.
Umber azn
  03/09/24
Lmao are inevitable downfall is going to be 180
hairraiser becky
  03/09/24
insane if accurate
outnumbered trailer park feces
  03/09/24
This is something that is actually worth hearings in the Hou...
sapphire clown
  03/09/24
> we'll pay you $39-billion to hire a black man in your n...
purple slap-happy gas station
  03/10/24
...
jet property
  03/10/24
conshits will blame DEI but real issue is birdshits are too ...
ultramarine heady public bath pisswyrm
  03/10/24
Naw it was DEI
iridescent step-uncle's house
  03/10/24
Birdshits blame everything on DEI while ignoring they cannot...
ultramarine heady public bath pisswyrm
  03/10/24
DEI is emperor's new clothes level flame but the major probl...
Navy titillating parlour
  03/10/24
...
know-it-all alcoholic police squad cruise ship
  03/10/24
"US engineers" Prakesh, Vishnu, and Anoop can easi...
ultramarine heady public bath pisswyrm
  03/10/24
No this foxnews boomer wsj oped has a good point (xo2024)
Fragrant Office Sweet Tailpipe
  03/10/24
180 moniker
Splenetic aphrodisiac mother
  03/10/24
...
DrakeMallardxo
  03/05/25
Unbelievable
..,,....,,.,..,,..,,...,...,,....,...,
  03/05/25


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Date: March 9th, 2024 10:11 PM
Author: bipolar heaven

https://thehill.com/opinion/4517470-dei-killed-the-chips-act/

DEI — the identity-obsessed dogma that goes by “diversity, equity, and inclusion” — has now trained Google’s new AI to refuse to draw white people. What’s even more alarming is that it’s also infected the supply chain that makes the chips powering everything from AI to missiles, endangering national security.

The Biden administration recently promised it will finally loosen the purse strings on $39 billion of CHIPS Act grants to encourage semiconductor fabrication in the U.S. But less than a week later, Intel announced that it’s putting the brakes on its Columbus factory. The Taiwan Semiconductor Manufacturing Company (TSMC) has pushed back production at its second Arizona foundry. The remaining major chipmaker, Samsung, just delayed its first Texas fab.

This is not the way companies typically respond to multi-billion-dollar subsidies. So what explains chipmakers’ apparent ingratitude? In large part, frustration with DEI requirements embedded in the CHIPS Act.

Commentators have noted that CHIPS and Science Act money has been sluggish. What they haven’t noticed is that it’s because the CHIPS Act is so loaded with DEI pork that it can’t move.

The law contains 19 sections aimed at helping minority groups, including one creating a Chief Diversity Officer at the National Science Foundation, and several prioritizing scientific cooperation with what it calls “minority-serving institutions.” A section called “Opportunity and Inclusion” instructs the Department of Commerce to work with minority-owned businesses and make sure chipmakers “increase the participation of economically disadvantaged individuals in the semiconductor workforce.”

The department interprets that as license to diversify. Its factsheet asserts that diversity is “critical to strengthening the U.S. semiconductor ecosystem,” adding, “Critically, this must include significant investments to create opportunities for Americans from historically underserved communities.”

The department does not call speed critical, even though the impetus for the CHIPS Act is that 90 percent of the world’s advanced microchips are made in Taiwan, which China is preparing to annex by 2027, maybe even 2025.

Handouts abound. There’s plenty for the left—requirements that chipmakers submit detailed plans to educate, employ, and train lots of women and people of color, as well as “justice-involved individuals,” more commonly known as ex-cons. There’s plenty for the right—veterans and members of rural communities find their way into the typical DEI definition of minorities. There’s even plenty for the planet: Arizona Democrats just bragged they’ve won $15 million in CHIPS funding for an ASU project fighting climate change.

That project is going better for Arizona than the actual chips part of the CHIPS Act. Because equity is so critical, the makers of humanity’s most complex technology must rely on local labor and apprentices from all those underrepresented groups, as TSMC discovered to its dismay.

Tired of delays at its first fab, the company flew in 500 employees from Taiwan. This angered local workers, since the implication was that they weren’t skilled enough. With CHIPS grants at risk, TSMC caved in December, agreeing to rely on those workers and invest more in training them. A month later, it postponed its second Arizona fab.

Now TSMC has revealed plans to build a second fab in Japan. Its first, which broke ground in 2021, is about to begin production. TSMC has learned that when the Japanese promise money, they actually give it, and they allow it to use competent workers. TSMC is also sampling Germany’s chip subsidies, as is Intel.

Intel is also building fabs in Poland and Israel, which means it would rather risk Russian aggression and Hamas rockets over dealing with America’s DEI regime. Samsung is pivoting toward making its South Korean homeland the semiconductor superpower after Taiwan falls.

In short, the world’s best chipmakers are tired of being pawns in the CHIPS Act’s political games. They’ve quietly given up on America. Intel must know the coming grants are election-year stunts — mere statements of intent that will not be followed up. Even after due diligence and final agreements, the funds will only be released in dribs and drabs as recipients prove they’re jumping through the appropriate hoops.

For instance, chipmakers have to make sure they hire plenty of female construction workers, even though less than 10 percent of U.S. construction workers are women. They also have to ensure childcare for the female construction workers and engineers who don’t exist yet. They have to remove degree requirements and set “diverse hiring slate policies,” which sounds like code for quotas. They must create plans to do all this with “close and ongoing coordination with on-the-ground stakeholders.”

No wonder Intel politely postponed its Columbus fab and started planning one in Ireland. Meanwhile, Commerce Secretary Gina Raimondo was launching a CHIPS-funded training program for historically black colleges.

(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479417)



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Date: March 9th, 2024 10:37 PM
Author: Fragrant Office Sweet Tailpipe

Matt Cole is CEO and Chief Investment Officer for Strive Asset Management, an Ohio-based firm with over $1 billion in assets under management, where Chris Nicholson is head of research.

(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479449)



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Date: March 9th, 2024 11:26 PM
Author: Umber azn

I had not heard this. Wild.

(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479556)



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Date: March 9th, 2024 11:42 PM
Author: hairraiser becky

Lmao are inevitable downfall is going to be 180

(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479584)



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Date: March 9th, 2024 11:45 PM
Author: outnumbered trailer park feces

insane if accurate

(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479589)



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Date: March 9th, 2024 11:47 PM
Author: sapphire clown

This is something that is actually worth hearings in the House of Representatives.

(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479592)



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Date: March 10th, 2024 12:28 AM
Author: purple slap-happy gas station

> we'll pay you $39-billion to hire a black man in your new fab

NOPE NOT WORTH IT



(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479662)



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Date: March 10th, 2024 5:08 AM
Author: jet property



(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479860)



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Date: March 10th, 2024 1:53 AM
Author: ultramarine heady public bath pisswyrm

conshits will blame DEI but real issue is birdshits are too lazy and stupid to do these STEM jerbs and u dont have enough chungs and pajeets esp since the immigration system is retarded, a normal country wld just give up and let TSMC bring in hoards of turdshits and chinks

(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479770)



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Date: March 10th, 2024 3:04 AM
Author: iridescent step-uncle's house

Naw it was DEI

(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479779)



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Date: March 10th, 2024 3:04 AM
Author: ultramarine heady public bath pisswyrm

Birdshits blame everything on DEI while ignoring they cannot compete with pajeets and chungs.. odd case

(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479781)



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Date: March 10th, 2024 4:08 AM
Author: Navy titillating parlour

DEI is emperor's new clothes level flame but the major problem TSMC had was that it expected on-site Chinese-style 996 work weeks and graduate degrees from its workers, to which US engineers just laughed and told them to fuck off. there are a bunch of articles about this going back several months.

(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479815)



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Date: March 10th, 2024 5:33 AM
Author: know-it-all alcoholic police squad cruise ship



(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479886)



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Date: March 10th, 2024 5:34 AM
Author: ultramarine heady public bath pisswyrm

"US engineers" Prakesh, Vishnu, and Anoop can easily go work for SV comps with less hours

(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479887)



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Date: March 10th, 2024 8:30 AM
Author: Fragrant Office Sweet Tailpipe

No this foxnews boomer wsj oped has a good point (xo2024)

(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479955)



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Date: March 10th, 2024 8:37 AM
Author: Splenetic aphrodisiac mother

180 moniker

(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#47479960)



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Date: March 5th, 2025 11:21 PM
Author: DrakeMallardxo (🦆)



(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#48719449)



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Date: March 5th, 2025 11:23 PM
Author: ..,,....,,.,..,,..,,...,...,,....,...,


Unbelievable

(http://www.autoadmit.com/thread.php?thread_id=5502116&forum_id=2#48719455)