Some of it is also just political fighting making it inconvenient to sign contracts and do work specifically right now. Even places that have favorable build out plans for data centers have strong fears on moving forward with them with how much political ads are using them as a focus.
Good news on that front is that political fighting typically evaporates with the campaigns. Bad news, of course, is that it typically comes back with them. So contracts have to be executed stupid quick.
Which flat out makes some things like the CHIPS act non-starters as long as we can't trust the next administration to give a good faith attempt at executing and honoring what came before.
> makes some things like the CHIPS act non-starters as long as we can't trust the next administration
Bidens CHIPS Act is still largely intact though isn't it? The next admin changed some things, renegotiated some implementation details, and even expanded parts of the subsidies. But I believe it is still moving forward at basically the same scale as was originally envisioned.