back to article With over 600 CHIPS fund applicants seeking over $70B, don't get your hopes up

US commerce secretary Gina Raimondo shared some hard truths about the $39 billion in CHIPS Act funding up for grabs in a speech on Monday. Among them was that the vast majority of the more than 600 applicants that expressed interest in the funding are going to walk away empty handed. "The point of this program isn't to …

  1. elsergiovolador Silver badge

    Think different

    Here in the UK we solved this quite elegantly.

    We simply don't have any meaningful funding to apply to and still we have abundance of chips, just that they typically come with fish.

    1. Yet Another Anonymous coward Silver badge

      Re: Think different

      Fortunately in Blighty we can buy any chips we need for the city cheaply in Asia and we have a large group of industrial nations on our doorstep with whom we have free and frictionless trade.

  2. amanfromMars 1 Silver badge

    Software v Hardware/Humanity v AIMachinery ..... Ladies and Gentlemen, Place Your Bets.

    Future fortunes and gravely to be regarded catastrophic mistakes are not going to be made in the making of fab chips, that exquisite skill and diabolical pleasure is both reserved for and preserved by that and those enabled to commandeer and control the increasingly extreme energy and exponential processing power readily available for exploitation in applications utilising such fab chips. And they with that are not many and be fully self aware of their inordinate worth in the generation of wealth, health and happiness to the generators of wealth, health and happiness.

    Treating them accordingly thus pays extraordinary dividends.

  3. Yet Another Anonymous coward Silver badge

    Your mission as a politician

    Is to cut the ribbon on lots of impressively large looking projects while claiming that HongSang LuckySemi are a totally proud American company and vital to national security.

    So long as $ to your state is greater than 0 you won.

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