That's a lot of money. Perhaps it's good policy, but the idea of transferring large amounts of money from taxpayers to private industry seems a little sketchy if the government isn't requiring anything in return.
What could the government ask for in return? Perhaps an assurance that the fab will give priority of at least 10% of its output, including its most modern process, to foundry service with reasonable and non-discriminatory pricing for at least twenty years.
Perhaps there are other ways the government could ensure these fabs will be used in ways that are beneficial to all local electronics manufacturers and not just the one company that owns the fab?
(It's possible these details might be in the actual bill already; the article doesn't say.)
What could the government ask for in return? Perhaps an assurance that the fab will give priority of at least 10% of its output, including its most modern process, to foundry service with reasonable and non-discriminatory pricing for at least twenty years.
Perhaps there are other ways the government could ensure these fabs will be used in ways that are beneficial to all local electronics manufacturers and not just the one company that owns the fab?
(It's possible these details might be in the actual bill already; the article doesn't say.)