In the News
Progressive Democrats call for stronger CHIPS Act guardrails to prevent wasteful stock buybacks
A new report reveals that chipmakers in line to receive massive subsidies could’ve given $27,000 annual bonuses to 300,000 employees with the money they blew on buybacks over the past five years.
July 11, 2024
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September 26, 2024
Biden will sign bill to speed chip projects, breaking with some Dems, environmental groups
Harry Manin, the deputy legislative director for industry policy and trade at the Sierra Club, said its objection is about transparency. “Without environmental review and without public awareness of whether there are any climate and environmental health commitments baked into contracts at all, the administration’s climate, environmental justice, and worker safety goals are in serious jeopardy,” he said.
September 26, 2024
Environmentalists hate a fast-moving chips bill. Biden looks poised to sign it.
Harry Manin, the Sierra Club’s deputy legislative director for industrial policy and trade, said that if the legislation becomes law, “it’s going to be completely secret going forward whether facilities are using PFAS and other harmful chemicals.” “It’s not going to have to be reported,” Manin said. “That really was the last protection that communities and workers had … the promise of transparency.”
September 23, 2024
This company changed semiconductor manufacturing forever.
TSMC has grand plans for Arizona, which were hastened by the global pandemic and ongoing tensions with China. The factories will be massive consumers of both electricity and water, and semiconductor plants historically have released toxic chemicals, raising questions about long-term sustainability.