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After Congress passed $52 billion CHIPS subsidy:-Micron, which had said it would invest $40b in the U.S. this decade, announced it will cut capital spending-Intel cut its capital spending plans by $4b, but predicts a “growing dividend” for shareholdershttps://t.co/qwXzRx3lG3— Lee Harris (@leee_harris) August 17, 2022

After Congress passed $52 billion CHIPS subsidy:

-Micron, which had said it would invest $40b in the U.S. this decade, announced it will cut capital spending

-Intel cut its capital spending plans by $4b, but predicts a “growing dividend” for shareholders

  • CanYouFeelItMrKrabs [any, he/him]
    ·
    2 years ago

    The stresses have also been felt throughout Asia. Late last week, the chief executive of Chinese chipmaker Semiconductor Manufacturing International Corporation said demand had slowed from smartphone and other consumer electronics makers, with some stopping orders altogether.

    the change in sales is global. But that might not impact investment into the semiconductor industry since that is quite important