Semiconductor Stocks in Spotlight as Senate Advances CHIPS Act

InvestorPlace2022-07-21

Semiconductor stocks are trending today on CHIPS Act news.The Senate advanced legislation that would provide billions of dollars of funding to the sector.AnInvestorPlacecolumnist was very bullish on ...

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Comments

Wenikho
2022-07-21
Wenikho
Ok
Zarkness
2022-07-21
Zarkness
Hi
Weiss
2022-07-21
Weiss
agreed! good read
Edwardtoh
2022-07-21
Edwardtoh
Like
BlueDragon
2022-07-21
BlueDragon
Ok
mster
2022-07-21
mster
Nancy Pelosi bought $NVIDIA Corp(NVDA)$before the Chip Act bill goes public. How is this not considered as insider trading? Is that legal? 🤔

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In the coming days, the bill will have to be voted on multiple, additional times by both houses of Congress. This back and forth stems from the two chambers working out any potential changes to the bill before finally sending it to the president’s desk. Still, the legislation is expected to pass “by the end of next week,” Reuters reported.The bill’s final text hasn’t been released yet. However, according to Reuters, unnamed Senate aides reported that the bill:Includes about $54 billion in subsidies for U.S. semiconductor companies, as well as a new, four-year 25% tax credit to encourage companies to build plants in the United States.Seen as favoring semiconductor stocks, particularly Intel(NASDAQ:INTC), that manufacture their own chips, the legislation has received mixed reviews from other semiconductor companies. 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Is that legal? 🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074240523","repostId":1126522419,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":170,"commentSize":16,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1126522419"}