chips act

In 2022, Congress passed the CHIPS Act, which set aside tens of billions of dollars in loans and grants in order to encourage companies to build new semiconductor fabs in the United States. We're still very early in the process. It's going to be a long time before we know if the US will become a major player again in the production of advanced chips. But the process is well underway and the bulk of the awards have been officially announced, with much of the money going to Intel, Samsung, TSMC, and others. So how did the grants get allocated — and what's next? On this episode of Lots More, we speak with Bloomberg News reporter Mackenzie Hawkins on the latest developments.

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Today, we’re discussing the bond market’s big reaction to the latest inflation news and why you shouldn’t worry about it. Plus, a new Boeing whistleblower comes forward, and Beyoncé calls out the home insurance industry.

Here’s everything we talked about today:

• • “Bonds are talking to us after inflation gauge comes in above forecasts” from Marketplace

• • “US consumer prices heat up in March; seen delaying Fed rate cut” from Reuters

• • “$6.6 billion TSMC deal in Arizona the latest in the CHIPS Act’s rollout” from Marketplace

• • “TSMC: Biden to give Taiwanese company $6.6 billion to ramp up US chip production” from CNN

• • “Biden administration bets an old plant can make new chips” from Marketplace

• • “‘Benefit of the doubt running thin with Boeing’: Capt. Dennis Tajer on whistleblower claims” from CNBC

• • “Boeing whistleblower says the Dreamliner 787 could ‘break apart’ because of safety flaws, report says” from NBC

• • Beyoncé’s YA YA (Clean Version)

• • Video breaking down Beyoncé’s “YA YA” from Daryl Fairweather on X

Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 3:30 p.m. Eastern time. We’ll have news, drink, and play a round of Half Full/Half Empty.

In August of last year, the White House signed the CHIPS and Science Act of 2022, a bipartisan effort to bring more advanced semiconductor manufacturing onto US shores. Of course, it already has plenty of critics. There are concerns that the bill is being larded up with red tape, or non-core progressive priorities, that will undermine the bill. On this episode, we speak to two leaders playing key roles in the act's implementation. Mike Schmidt, director of the CHIPS Program Office, and Todd Fisher, the program's chief investment officer, join us to talk about the act's goals, what's been achieved so far, and why they believe it can succeed.

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Drag show performances have become the new front in America’s culture wars. Lawmakers in more than a dozen states are considering legislation that would limit or ban drag shows. But after major corporations came out against anti-LGBTQ laws last year, we’re wondering: Where is corporate America now? Plus, big news on the ban on British sausages.

Here’s everything we talked about today:

• • “To Tap Federal Funds, Chip Makers Will Need to Provide Child Care” from The New York Times

• • “Watchdog Report on Afghan Collapse Points to Abrupt Withdrawal, Lack of Planning” from The Wall Street Journal

• • “Florida Governor DeSantis ends ‘corporate kingdom’ of Walt Disney World” from Reuters

• • “Memphis drag community says Tennessee bill restricting drag shows is ‘dehumanizing’ and bad for local businesses” from WATN

• • “Tennessee residents, business owners worry about the ‘unintended’ consequences of new drag bill” from WTVF

• • “The story behind Ke Huy Quan’s Hollywood comeback” from Screen

• • Tweet from @RishiSunak on the U.K.-EU agreement on Northern Ireland

• • “Why are British sausages being blocked from entry into Northern Ireland? The dispute explained” from The Conversation

We can’t do this without you! Please keep sending us your comments and questions by calling 508-U-B-SMART or emailing makemesmart@marketplace.org.

Krystal and Saagar discuss the DOJ possibly indicting Trump, his plans for the future, Trump vs Fox News, recession numbers, CHIPS bill, FTC vs Facebook, Schumer-Manchin legislation agreement, Samantha Bee, Monkeypox and political correctness, Chris Cuomo, & small businesses economic misery!

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