REINDUSTRIALIZED SHRUGGED: CHECKING IN ON BIG IRA CHIPS PROJECTS

Summary from the TLDR Founders newsletter

The US government has invested heavily in reindustrializing the country, particularly in strategically important sectors such as semiconductors and clean energy initiatives. However, many of these projects have been delayed, paused, or canceled, with only a small fraction of invested subsidies leading to operational projects. The initiative has also been criticized for being plagued by patronage and graft, with many recent funding activities appearing to be unrelated to the stated goals of reducing inflation and promoting industrial growth.