Biden's major semiconductor push is quietly riddled with DEI initiatives
Fox News
President Biden's landmark CHIPS and Science Act is quietly contingent on funding applicants meeting a series of diversity, equity and inclusion requirements.
Thomas Catenacci is a politics writer for Fox News Digital.
"If you look through the notice of funding opportunity, which is the Commerce Department's requirements in order to get funding, there's literally the word diversity, equity and inclusion and DEI requirements littered throughout," said Chris Nicholson, head of research at the firm Strive Asset Management. Strive, which was founded by former presidential hopeful Vivek Ramaswamy, has more than $1 billion in assets.
"Although this money is announced in some sense, it's not even going to be given," said Nicholson, who has researched the semiconductor industry. "That's the key here. It's not even going to be given unless [funding recipients], step by step, they meet, and they prove they're meeting all of these DEI requirements."
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