I doubt it's just the buyback provision, but the Chips Money comes with added built-in "inefficiency" requirements...... Department of Labor hiring restrictions for the most part...... basically, the Fed money is attempting to convert private industry into another bloated, inefficient and ineffective Federal workforce. I will certainly encourage MU to turn down any Chips Act funding if it also makes MU uncompetitive. At the very least they also need to build whatever new capacity they require in Mexico. Certainly, building in one of the most expensive State-larded bureaucracies in the country like New York is the worst thing to do.$Micron Technology(MU)$
Comments