The next presidential election is in 2028, not 2030
The people overseeing the CHIPS act have mostly been fired or flagged for firing. Many of them were in their “probationary” period because they were recent hires.
The CHIPS act can’t be instantly restarted when the next president takes office. It has to be rebuilt. It has basically been sabotaged.
Worst of all, it could become cycle. Trump / DOGE is basically doing a wholesale cleanse of left-leaning public sector employees at all levels, replacing them with yes men and cronies. A new administration will have to revert that, meaning firing and hiring and training people yet again. And an administration after that might try do undo that. What a quagmire.
In general it's a classic that left-leaning governments fix various policy and economic problems, which often carries big cost, which gets them voted out, and then the fruits of that labor are claimed by / wrongfully attributed to rightist administrations.
If a main part of your platform is that government sucks, you have no incentive to un-suckify it. Starve the beast.
>"All women are whores. Sorry to break it to you." -Kyle Benzel, Sept 28, 2022, Hacker News
https://www.cnbc.com/2024/11/25/intel-close-to-8-billion-chi...
However I couldn't find the awards (and thus outlays) on usaspending.gov. I think this[2] is the CHIPS act account and you can see some general outlays per year there but Intel isn't in any of the specific obligations listed.
And even searching the award id or Intel in general as a recipient on the site didn't find obligations that matched.
However, page 112 of this[3] 10-K filing has the direct funding agreement (with award id!) and a lot of info about how payments work but no payment amounts. Page 30 seems to say they received $1.1 billion of the $7.9 billion in 2024 and another $1.1 billion for 2025 but I'm not sure if I'm reading it correctly.
[1] https://www.nist.gov/chips/intel-corporation-ohio-new-albany
[2] https://www.usaspending.gov/federal_account/013-0520
[3] https://www.intc.com/filings-reports/all-sec-filings/content...
Instead, it’s a crude game of corralling people with emotions.
It's election day, you get re-elected, rinse and repeat until the next generation has no memory of it ever being different.
https://abcnews.go.com/US/confinement-unbearable-migrants-de...
Almost no one wins from this. Rich people suffer the least as usual by having a diverse banking account, especially in multiple currencies. All working class is devalued so the only boon is jobless people who manage to find a job.
That or massive GOP voter pressure come 2026.