CD259: CHIPS: A State Subsidization of Industry (Full Podcast Episode)

A new law, known as the CHIPS Act, provides over $50 billion to existing, profitable companies to fund new semiconductor production facilities in the United States. In this episode, we examine why Congress decided to gift these companies our tax money now and explore the geopolitical implications of this funding decision. Beyond semiconductors, the law provides further corporate welfare for the creation of things that many of us tax payers likely support. This law is complicated; let’s get nuanced.

All source used in the production of this episode can be found at: https://congressionaldish.com/cd259-chips-a-state-subsidization-of-industry/

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#lobbying #corporateinterest #semiconductors #china #taiwan #statesubsidies #americanindustry #berniesanders #nuclearfusion #worldtradesystem #WTO #worldtradeorganization