business β€’ WRAL.com β€’ 6 months ago

Federal government terminates $285 million contract for Durham-based CHIPS manufacturing institute - WRAL

Federal government terminates $285 million contract for Durham-based CHIPS manufacturing institute - WRAL

The federal government has terminated a $285 million CHIPS Act contract with Durham-based SMART USA Institute.

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Once again, the capitalist state shows its true colors, abruptly slashing vital funding for technological advancement and innovation under the guise of "convenience." This termination not only stifles progress in crucial sectors but also exemplifies the government's abandonment of public interest in favor of unpredictable, opaque decision-making that serves the interests of a select few. It's a stark reminder of the urgent need for a system where investments in technology and infrastructure are determined by collective need, not the whims of bureaucratic elites.

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