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cududa | 6 months ago

Which part of the CHIPS act says companies receiving funds have to give the government 10% of the company to continue receiving funds?

discuss

order

edge17|6 months ago

Section 9902 of the act authorizes the Secretary of Commerce to provide financial assistance to "covered entities"

One can argue how to interpret "financial assistance" broadly, which is exactly what the administration has done.

JumpCrisscross|6 months ago

> One can argue how to interpret "financial assistance" broadly

The money was already granted. Trump threatened the CEO personally and then they came to this agreement ex post facto.

re-thc|6 months ago

> One can argue how to interpret "financial assistance" broadly, which is exactly what the administration has done

You can? So some years later they can change it again? Where's the trust?