Mackenzie Hawkins
@mackhawk.bsky.social
I cover tech/geopolitics for @bloomberg.com & mostly write about chips. mhawkins71@bloomberg.net/mackhawk.71 on Signal
Microchip CEO Sanghi’s remarks about pausing the company’s Chips Act application speak to one of the key challenges of semiconductor industrial policy
Government officials have to make long-term bets in an industry that’s intensely cyclical:
Government officials have to make long-term bets in an industry that’s intensely cyclical:
December 4, 2024 at 12:33 AM
Microchip CEO Sanghi’s remarks about pausing the company’s Chips Act application speak to one of the key challenges of semiconductor industrial policy
Government officials have to make long-term bets in an industry that’s intensely cyclical:
Government officials have to make long-term bets in an industry that’s intensely cyclical:
Zooming out: The Biden admin has now finalized almost 50% of $39b in Chips Act manufacturing funds
Officials still have almost 20 preliminary deals to close — & more than $2b left to allocate (to say nothing of R&D funding)
Trump’s win sets a clear deadline: www.bloomberg.com/news/article...
7/7
Officials still have almost 20 preliminary deals to close — & more than $2b left to allocate (to say nothing of R&D funding)
Trump’s win sets a clear deadline: www.bloomberg.com/news/article...
7/7
November 26, 2024 at 2:41 PM
Zooming out: The Biden admin has now finalized almost 50% of $39b in Chips Act manufacturing funds
Officials still have almost 20 preliminary deals to close — & more than $2b left to allocate (to say nothing of R&D funding)
Trump’s win sets a clear deadline: www.bloomberg.com/news/article...
7/7
Officials still have almost 20 preliminary deals to close — & more than $2b left to allocate (to say nothing of R&D funding)
Trump’s win sets a clear deadline: www.bloomberg.com/news/article...
7/7
The March spat over Intel’s military award delayed all the big preliminary announcements bc it wasn’t clear how Commerce would make up the shortfall
They ultimately scrapped a commercial R&D program — & folded some of the new obligations into Intel’s existing $
From Sept:
5/
They ultimately scrapped a commercial R&D program — & folded some of the new obligations into Intel’s existing $
From Sept:
5/
November 26, 2024 at 2:41 PM
The March spat over Intel’s military award delayed all the big preliminary announcements bc it wasn’t clear how Commerce would make up the shortfall
They ultimately scrapped a commercial R&D program — & folded some of the new obligations into Intel’s existing $
From Sept:
5/
They ultimately scrapped a commercial R&D program — & folded some of the new obligations into Intel’s existing $
From Sept:
5/
Why did US officials reduce Intel’s grant?
It’s not bc of Intel’s business problems. It’s bc the Pentagon/Congress forced Commerce to spend $3b on Intel’s military chips award
We reported in March that the move could lower the total $ for Intel: www.bloomberg.com/news/article...
4/
It’s not bc of Intel’s business problems. It’s bc the Pentagon/Congress forced Commerce to spend $3b on Intel’s military chips award
We reported in March that the move could lower the total $ for Intel: www.bloomberg.com/news/article...
4/
November 26, 2024 at 2:41 PM
Why did US officials reduce Intel’s grant?
It’s not bc of Intel’s business problems. It’s bc the Pentagon/Congress forced Commerce to spend $3b on Intel’s military chips award
We reported in March that the move could lower the total $ for Intel: www.bloomberg.com/news/article...
4/
It’s not bc of Intel’s business problems. It’s bc the Pentagon/Congress forced Commerce to spend $3b on Intel’s military chips award
We reported in March that the move could lower the total $ for Intel: www.bloomberg.com/news/article...
4/
First, the basics:
Intel’s grant will support projects in AZ, OR, NM & OH
The first 3 will get some $ this year because they’ve hit milestones. Ohio is delayed & hasn’t yet qualified for any $
The grant doesn’t cover Intel’s 2nd Ohio fab bc it’ll come online after 2030
2/
Intel’s grant will support projects in AZ, OR, NM & OH
The first 3 will get some $ this year because they’ve hit milestones. Ohio is delayed & hasn’t yet qualified for any $
The grant doesn’t cover Intel’s 2nd Ohio fab bc it’ll come online after 2030
2/
November 26, 2024 at 2:41 PM
First, the basics:
Intel’s grant will support projects in AZ, OR, NM & OH
The first 3 will get some $ this year because they’ve hit milestones. Ohio is delayed & hasn’t yet qualified for any $
The grant doesn’t cover Intel’s 2nd Ohio fab bc it’ll come online after 2030
2/
Intel’s grant will support projects in AZ, OR, NM & OH
The first 3 will get some $ this year because they’ve hit milestones. Ohio is delayed & hasn’t yet qualified for any $
The grant doesn’t cover Intel’s 2nd Ohio fab bc it’ll come online after 2030
2/