Samsung and Intel cancel plans to build advanced semiconductor plants in U.S.

'Biden's DEI rules are worse than HAMAS': Top microchip makers are postponing US expansion and instead expanding in dangerous Israel and Russia because American grants come with so many 'equity' caveats.

It also calls on chipmakers to 'increase the participation of economically disadvantaged individuals in the semiconductor workforce.'

The two added: 'In short, the world’s best chipmakers are tired of being pawns in the CHIPS Act’s political games.

'They’ve quietly given up on America. Intel must know the coming grants are election-year stunts — mere statements of intent that will not be followed up.

They add: 'This is the stuff declining empires are made of. As America pursues national security by building a diverse workforce, China does it by building warships.

'Instead of solving the problem, the people in charge are trying to cover the problem up just long enough to win reelection.

'Don’t be fooled by the Biden administration’s upcoming weekend-at-Bernie’s act — the CHIPS Act is dead.'

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