The partisan divide is far greater than ever, with a complete lack of cooperation between the two sides, which is made worse by a change in control soon.
One of the main issues that has previously caught the attention of lawmakers has been the stagnation of the auto industry by chip shortages. Things are different now, and America can buy the beloved Ford F-150, even an electric version, albeit at a lot more than the sticker price.
The article argues that the chip issue, the top priority in Americans’ minds, quickly disappeared. When someone raises semiconductor issues in the halls of Congress, they’ll be laughed at and told they don’t exist anymore. Spending money on a problem that doesn’t seem to exist may be unpopular. So spending $52 billion to support the semiconductor industry at the moment seems out of reach.
The article analyzes that sanctions against other countries may be more popular with legislators and voters than real money appropriations. It doesn’t cost money and it hurts other countries. Lacking chips, Russian automakers have had to go back to “Stone Age” cars. The U.S. is likely to further tighten restrictions on most types of semiconductor equipment and many chip exports to China. Not just cutting-edge or military-specific chips, but more general chips.
The article concludes by pointing out that the positive impact of the “US Chip Act” is minimal, and the $52 billion in 5 years is divided into various parts, which means that the impact on individual companies is minimal. Therefore, the article argues that there is or no “US Chip Act”, which is Nearly zero short-term or long-term impact on the industry. (Proofreading/Aaron)