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Mackenzie Hawkins

@mackhawk.bsky.social

502 followers 108 following 20 posts

I cover tech/geopolitics for @bloomberg.com & mostly write about chips. mhawkins71@bloomberg.net/mackhawk.71 on Signal

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Mackenzie Hawkins @mackhawk.bsky.social · 04/12/2024

Microchip CEO Sanghi’s remarks about pausing the company’s Chips Act application speak to one of the key challenges of semiconductor industrial policy Government officials have to make long-term bets in an industry that’s intensely cyclical:

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Mackenzie Hawkins @mackhawk.bsky.social · 26/11/2024

Zooming out: The Biden admin has now finalized almost 50% of $39b in Chips Act manufacturing funds Officials still have almost 20 preliminary deals to close — & more than $2b left to allocate (to say nothing of R&D funding) Trump’s win sets a clear deadline: www.bloomberg.com/news/article... 7/7

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Mackenzie Hawkins @mackhawk.bsky.social · 26/11/2024

The March spat over Intel’s military award delayed all the big preliminary announcements bc it wasn’t clear how Commerce would make up the shortfall They ultimately scrapped a commercial R&D program — & folded some of the new obligations into Intel’s existing $ From Sept: 5/

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Mackenzie Hawkins @mackhawk.bsky.social · 26/11/2024

Why did US officials reduce Intel’s grant? It’s not bc of Intel’s business problems. It’s bc the Pentagon/Congress forced Commerce to spend $3b on Intel’s military chips award We reported in March that the move could lower the total $ for Intel: www.bloomberg.com/news/article... 4/

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Mackenzie Hawkins @mackhawk.bsky.social · 26/11/2024

First, the basics: Intel’s grant will support projects in AZ, OR, NM & OH The first 3 will get some $ this year because they’ve hit milestones. Ohio is delayed & hasn’t yet qualified for any $ The grant doesn’t cover Intel’s 2nd Ohio fab bc it’ll come online after 2030 2/

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