Biden just held a meeting to hurry lawmakers to approve the $52billion CHIPS Act
https://www.congress.gov/bill/116th-congress/house-bill/7178
But that’s just one of several acts to fund the semiconductor industry. Some are significantly larger.
https://www.congress.gov/bill/117th-congress/senate-bill/2729?s=1&r=9
https://www.semiconductors.org/sia-endorses-fabs-act-introduced-in-house/
This is just intended as due diligence and for the sake of conversation. This is not investing advice. I ask you: in this time of market chaos doesn’t investing in a company like Qualcomm — that already has very good fundamentals, steadily increasing profit margins, a huge and growing addressable market — make sense right before the federal government hands them who knows how many billions of dollars?
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