Failing Upward: Former Solyndra CEO Gets $6.6B from Biden Admin

The Biden administration is giving $6.6 billion to a semiconductor project run by the former CEO of Solyndra, the failed solar energy company at the center of an Obama-era scandal over government misspending.

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Taiwanese chipmaker TSMC’s Arizona subsidiary, whose president is former Solyndra head Brian Harrison, will receive $6.6 billion to build a factory in Phoenix, Secretary of Commerce Gina Raimondo announced Monday.

Harrison was CEO of Solyndra when it declared bankruptcy in 2011 after receiving over $500 million in loans from the Obama administration.

Ed Morrissey

I almost used the YGBFKM tag on this, except it's all too believable. Congress really needs to investigate how this grant decision was made, because there's no good reason to invest in Harrison's projects, especially at this scale. 

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