The Senate Voted To Subsidize Intel Corporation To The Tune Of $50+ Billion
This bill is a giant taxpayer subsidiary for one of America’s most profitable corporations. Intel. The Senate voted Wednesday to pass a bill to subsidize US semiconductor production to increase American competitiveness. It passed the senate with bipartisan support, 64 to 33. The bill will go to the House for approval before it can be sent to President Biden for his expected signature. The legislation addresses a semiconductor chip shortage and makes the US less reliant …