$Intel (INTC.US)$ here's a bit of facts for your Monday morn...
$Intel(INTC.US$ here's a bit of facts for your Monday morning. so Biden touts the chip act and how he gave a tremendous amount of money to Intel to build a foundry in the United States he also gave Microsoft a lot of money also. but do you realize there's so much pork in this act and dei is mandated throughout the chip act that you need to have for example 51% women builders construct The foundry in order for groundbreaking to occur. so they need women construction workers to comprise 51% of a company to build The foundry or it will never happen that's the bullshit that exists within this woke dei twisted demented radicalized Marx's socialist Demo-rat party. the bottom line is it will never be built. or if they can find 51% women it's going to turn out to be like a Boeing aircraft and you see what's going on with Boeing that means it will be a freaking disaster like a bridge that goes nowheres like the Winchester House that just keeps adding more and more rooms and chimneys and is never finished.
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MomentumPython1337 : good point. i have been watching intel because of the whole chips act thing but I'm pessimistic.
now what you're saying is getting me concerned because i know that TSM is also a beneficiary of this chip act and they're building a massive plant in arizona and another location in the US. but I've been hearing that it keeps getting delayed, the public information is that it's more expensive to get the workers and the parts to build the plant, but also they've mentioned cultural differences between taiwanese and american workers, whatever that may be.
i hope it doesn't affect the new TSM plants because I'm bullish on TSM but am concerned about China's potential threats to Taiwan
10baggerbamm OP MomentumPython1337 : it is a complete umbrella so if a company falls underneath the chips act then dei is going to mandate what happens so if they have to dot every i and cross the t in the construction crew prior to building there's going to be delays and then imagine for a moment because these facilities for example are multi-year projects imagine for a moment when a woman wants to take 9 months off because she's pregnant and then paid time off to raise her child you now need to replace that person so clearly there's severe problems here and you can see how very quickly the budget for construction is going to exceed the monies available
smoothshoe : same is happening with EV charging stations. contractors need to be minority owned and/or employ covicted felons
Falling angel : I don't get the logic, why would they require a minimum of 51% of female builders?
10baggerbamm OP Falling angel : because that is the woke dei agenda. and I'm sure if you were to read it you throw up because there's probably so many hands involved in this money that much like CGI Clinton global initiative with regard to Haiti where it was tens of millions of dollars going to Haiti but it flowed through CGI only 11 cents made it to the bottom line to Haiti everything else was stolen along the way through sticky hands and I'm sure through bureaucracies and different bureaus and inspections and approvals the same type of thing is going to happen as a result of the chips act
Fluvveh : Citation needed