11:15 am Registration, Networking & Lunch
12:00 pm Welcoming Remarks
David Wanetick, CEO, Davos in the Desert
12:15 pm Leveraging the CHIPS Act
Andrew Schwinger, Business Development Advisor, Cactus Materials
1:00pm Networking
200pm Adjournment
Davos in the Desert EVENT
May 10, 2024 – Chandler, AZ
Lunch Meeting
Location to be Disclosed to Registrants
Leveraging The
CHIPS AcT
About the Chips and Science Act
The CHIPS Act is a U.S. federal law that authorizes and appropriates $52 billion to boost domestic semiconductor research and production. It is part of the larger CHIPS and Science Act, which invests $280 billion in semiconductor and scientific R&D. The Act includes $39 billion in subsidies for chip manufacturing on U.S. soil along with 25% investment tax credits for costs of manufacturing equipment, and $13 billion for semiconductor research and workforce training.
The CHIPS Act could boost semiconductor research and manufacturing in the United States and trigger a wave of reshoring. However, there are caveats associated with the Act. To wit:
- It is taking the Administration a long time to disburse funding under the CHIPS Act.
- The CHIPS Act is littered with diversity, equity and inclusions provisions, which distract management teams from developing semiconductor businesses and compel the diversion of investor dollars to racist, discriminatory and sexist initiatives.
- Requirements to provide child care services and to hire unionized labor may receiving CHIPS funding costly.
- The CHIPS Act prohibits funding recipients from expanding semiconductor manufacturing in China and other countries that pose a national security threat to the U.S.
Join Us on May 10, 2024 and Gain Insight Into Critical Issues
The following are among the issues that are likely to be addressed:
- What might the impact of the CHIPS Act be on the greater Phoenix area?
- Is the CHIPS Act really significant in terms of the overall size of the semiconductor industry?
- Is it too late to apply for CHIPS funding? If not, how can a company most effective apply for such funding?
- How does the CHIPS application process work?
- What documentation is needed?
- What fees are involved?
- What are the milestones and timelines?
- Which semiconductor related companies are ineligible to pursue CHIPS funding?
- What is the timeline for actual disbursement of CHIPS funding?
- How does the CHIPS Act compare with funding from government agencies such as DARPA, the Department of Defense and the Department of Energy?
- How can companies leverage CHIPS Act funding to raise additional capital?
For sponsorship opportunities, please contact Jennifer Jaffe at jennifer@davosinthedesert.us.
Davos in the Desert
May 10, 2024 – Chandler, AZ
Lunch Meeting
Location to be Disclosed to Registrants
SPEAKER: Andrew Schwinger
Andrew Schwinger has become well versed in raising equity, loans and grants from a variety of sources for semiconductor companies.
More About Andrew Schwinger
Andrew Schwinger began his career in trading and investment management starting on the equity options exchange floor as a floor trader. He worked in this space for over 15 years earning the CFA® Chartered Financial Analyst credential and worked in the USA, Japan, and Hong Kong during this period. His relationships overseas lead to business development and consulting roles overseas and in 2020 he returned to the USA.
He now works in a Business Development role for Cactus Materials, a compound semiconductor company that designs, patents, and manufactures advanced photonic devices – detectors and lasers in Tempe Arizona. In this role, he gets involved in the Chips Act application process and sits on the Semiconductor Task Force lead by the Arizona Commerce Authority, the Semiconductor Workforce Development Subgroup, and joins the monthly greater Phoenix semiconductor meetings.
For sponsorship opportunities, please contact Jennifer Jaffe at jennifer@davosinthedesert.us.
Davos in the Desert
Wednesday, May 10, 2024 – Chandler, AZ
Lunch Meeting
Location to be Disclosed to Registrants
SPEAKER: DAVID WANETICK
David Wanetick is the CEO of Davos in the Desert. Under his leadership, Davos in the Desert is putting a dent in the globalists’ power grab. Davos in the Desert supports the Withdrawal from the WHO Act, the Defund Davos Act and the No Tax Dollars for the United Nation’s Immigration Invasion Act.
David is a Managing Director at a boutique investment bank with an expertise in selling middle market companies in a wide array of industries to operating companies and to private equity funds and their portfolio companies. He represents selling companies and acquirers in the semiconductor industry.
David is a world-renowned patent valuation expert. He has valued patents for semiconductor companies such as AKHAN Semiconductor, Nordic Semiconductor, Nova, Cynora and many others. His reports are used to facilitate transactions such as capital raises, sales of companies, sales of patent portfolios and licensing agreements that are worth tens or even hundreds of millions of dollars. He developed the Certified Patent Valuation Analyst designation.
He is the author of seven widely acclaimed books, including The Strategic Negotiator: A Manual for Negotiating at the Elite Level.
For sponsorship opportunities, please contact Jennifer Jaffe at jennifer@davosinthedesert.us.
Previous Attending Dignitaries
Julie Willoughby
Arizona State Representative
District 13
Barbara Parker
Arizona State Representative
District 10
Katarina White
Miss Mesa
Jim O’Connor
Chairman
Arizona Corporation Commission
Justine Wadsack
Arizona State Senate
District 17
Laurin Hendrix
Arizona State Legislator
District 14
David Wanetick
CEO
Davos in the Desert
Rodney Glassman
Attorney & Air Force Veteran
Clint Bolick
Chief Justice
Arizona Supreme Court
Frank Carroll
Arizona State Senate
District 28
Leo Biasiucci
Majority Leader
Arizona House of Representatives
Legislative District 30
Paul Gosar
United States Congressman
Arizona, District 9
Shawwna Bolick
Arizona State Senator
District 2
Paul Marsh
Arizona State Mine Inspector
Danielle Skranak
Miss Gilbert, 2020-2021
Rabbi Mendy Deitsch
Pollack Chabad Center for Jewish Life
Networking Opportunities
You will have more than two hours to network with Arizona’s most successful professionals.
Davos in the Desert events are great opportunities to meet senior executives in an array of industries. At our recent events, we had senior executives/business owners from the semiconductor, electronics, life sciences, medical device, mining, hospitality, retail, real estate development, construction, software, agriculture, professional sports and professional investment industries. We typically also attract lawyers, accountants and investment bankers.