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Solyndra

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"Biden's $6.6 Billion Boost for TSMC Chip Manufacturing in Arizona"

The Biden administration is providing $6.6 billion in federal funding to a semiconductor project led by the former CEO of Solyndra, the failed solar energy company that went bankrupt after receiving over $500 million in loans from the Obama administration. The project, run by Brian Harrison, will be carried out by Taiwanese chipmaker TSMC's Arizona subsidiary and aims to build a factory in Phoenix. This move has sparked criticism from Republicans over the administration's energy spending, especially given the history of Solyndra's financial troubles.

via Washington Free Beacon|

#biden-administration #green-energy #politics-business

politics2 years ago•2 min saved

Economist Warns: Biden's Clean Energy Fund is a Costly Scam

Economist Stephen Moore cautions that President Biden's $400 billion allocation to the green energy agenda is reminiscent of the Obama administration's failed Solyndra "scheme." Moore argues that Biden's plan, which is 10 times larger than Obama's, risks subsidizing solar and wind panel companies that may go bankrupt. He suggests cutting the allocation as it primarily benefits liberal groups. Additionally, Moore criticizes the push for electric vehicles (EVs), citing low demand and insufficient charging infrastructure. He also questions the effectiveness of climate change conferences, highlighting China's absence and the continued increase in carbon emissions despite massive spending on the climate change industrial complex.

via Fox Business|

#biden #economist #green-energy