The Chips Act Will Hurt U.S. Taxpayer, Not China

The Chips Act Will Hurt U.S. Taxpayer, Not China
MITRE Engenuity Semiconductor Alliance seeks to accelerate US innovation and enhance resiliency of national supply chain (Photo: Business Wire)
Opportunists have never failed to take advantage of a panic, which is why some of the most profitable U.S. companies are looking to capitalize on China's hawkishness to extract massive subsidies from taxpayers. Not wanting to appear weak on China, a bipartisan Senate voted Tuesday to hand $52…
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