Friday, October 4th 2024
US Government to Allow Some Semiconductor Fabs to Circumvent Environmental Laws
According to a recent Reuters report, the US government, under Biden's administration, will allow a few criteria-matching semiconductor fabs to circumvent environmental protection laws. On Wednesday, President Joe Biden signed legislation that effectively enables these fabs to not follow the strict regulations designed for maximum preservation of the environment. The Semiconductor Industry Association has noted that without this new legislation, companies that are extending facilities on US soil would be significantly slowed down due to the National Environmental Policy Act (NEPA) of 1969. The CHIPS Act's primary force driver isn't just domestic production but near-future completion so that future geopolitical shifts don't impact US companies. The speed of getting permits to manufacture advanced chips is essential for every CHIPS Act recipient company, like Intel, Samsung, TSMC, and Micron.There are three conditions that exempt semiconductor fabs from NEPA review:
Source:
Reuters
- (A) the activity described in the application for that project has commenced not later than December 31, 2024;
- (B) the Federal financial assistance provided is in the form of a loan or loan guarantee; or
- (C) the Federal financial assistance provided, excluding any loan or loan guarantee, comprises not more than 10 percent of the total estimated cost of the project.
36 Comments on US Government to Allow Some Semiconductor Fabs to Circumvent Environmental Laws
Lead paint and Agent Orange are back on the menu!!!!!!!!!!!!
But this platform is not popular, people vote for government which will “fix” things for them.
So the government “fixes” things by forcing lockdowns and a huge pile of other regulations - constantly.
Contrary to the popular belief, large corporations love government regulation.
Government regulation helps large corporations compete against smaller rivals and new upcoming players.
This here is a great example. Smaller companies have no choice but to comply with (often expensive and time consuming) regulations.
While for large corporations, not only this is generally less burdensome because of economy of scale, but they also get to circumvent it entirely in some cases.
as long as it’s not them getting permission to just dump waste etching chemicals in the local water system this doesnt have to be that bad a thing.
if they make over sized water treatment facilities it could actually be beneficial in the long run