I think only 6 billion has gone out because there's a bunch of conditions, and you have to actually meet these milestones. And the CHIPS act is very different than how it started. So is that fair? Yeah, because The Biden administration viewed [the] $50 billion as... I'll give you 10%. You build a $60 billion plant, I'll give you $6 billion. And why does that not work? Why would that not have worked? Or why was that not working when you came in? (1:12:36–1:12:42)
CLAIM
Asserts that the Biden administration planned to give 10% of the CHIPS Act funds to companies building semiconductor plants.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
