BIDEN ADMINISTRATION TO REPORTEDLY ANNOUNCE BILLIONS OF DOLLARS IN SUBSIDIES FOR ADVANCED CHIPS

In this episode, hosts Ian Dunlap, Rashad Bilal and Troy Millings dive into the promising news of the US government's announcement to allocate billions of dollars in subsidies for advanced chips. This strategic move aims to boost domestic production of advanced semiconductors and reduce dependency on foreign manufacturers.The discussion revolves around the potential impact of this announcement on the chip industry and the companies that stand to benefit from the subsidies. Ian, Rashad and Troy analyze the situation, drawing attention to the companies like AMD and Nvidia, poised to be primary beneficiaries. They emphasize the significance of nurturing domestic chip production and the threats posed by reliance on foreign manufacturers like Taiwan semiconductor.The conversation delves into specific companies such as Intel, AMD, Nvidia, Google, Meta, Samsung, Micron, Qualcomm, and Texas Instruments. The hosts share their insights on these companies and their potential for growth in light of the government's subsidies.They also shed light on the broader implications of this government initiative, highlighting the positive impact it is expected to have on the overall chip industry. They reveal their confidence in the ETF SMH's potential to emerge as a winner, providing a safer investment route given the subsidies' wide-reaching impact on chip companies.In conclusion, Ian and Rashad stress the critical role of the government as a market maker and its influence on the industry's growth. They discuss the personal and business infrastructure significance of chips, particularly in light of the lessons learned during the pandemic. This move is seen as a significant step towards building a stronger domestic infrastructure for the chip industry.Join the hosts in this insightful discussion as they explore the potential market implications of this major government announcement, laying the groundwork for long-term growth and market opportunities.#MarketMondays #ChipIndustry #GovernmentSubsidies #DomesticProduction #AMD #Nvidia #SemiconductorCompanies #MarketOpportunities #EconomicGrowthOur Sponsors:* Check out PNC Bank: https://www.pnc.com* Check out Square: https://square.com/go/eylAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacySee omnystudio.com/listener for privacy information.

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