U.S. to reportedly announce billions of dollars in subsidies for advanced chips(cnbc.com)
cnbc.com
U.S. to reportedly announce billions of dollars in subsidies for advanced chips
https://www.cnbc.com/2024/01/27/us-to-reportedly-announce-billions-of-dollars-in-subsidies-for-advanced-chips.html
5 comments
Solyndra? Smell like one.
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There is going to be such a glut in a few years and a lot of this is going to close down. And I'm not just talking about the US. Basically every major country has announced major subsidies recently from India to Korea to Italy to the UK.
I'm normally a free market type of guy, but national defense is an exception. Our capacity to produce semiconductors without depending on foreign entities is as vital to national security as our capacity for food production. No nation can be strong if they rely on other nations to maintain that strength.
I'm normally a free market type of guy, but national defense is an exception.
Intel's Pat Gelsinger has arguably been the most effective at this. He's been touting national defense as a way to get billions in subsidies since his first day on the job, and then turned around and used their profits to buy back more stock or give out dividends.
Of course it's inefficient, if it wasn't inefficient it wouldn't need subsidies. Better than nationalizing it or outsourcing our security to foreign actors.