The American semiconductor industry is gearing up for a lobbying push to obtain billions of dollars in federal funding for factory building and research to keep the U.S. ahead of China and other countries that heavily subsidize their chip industries.
The $37 billion in proposals from the Semiconductor Industry Association, a trade group, includes subsidies for the construction of a new chip factory, aid for states seeking to attract semiconductor investment and an increase in research funding, according to a draft of the proposals...
Just win We are better Be better Raise your own money
They will need some help to compete with the near slave labor in China!
“Lobby dollars in federal funding” What a innovative way to paraphrase “heavily subsidize their industries”
Cant have a decent health system but when it comes to buisness its $s galore handouts.
But providing access to healthcare to all is taking us down the road to communism....
If there's one thing the US likes doing it's dragging their fucking feet on tech
The manufacturers asking for help are precisely the ones who shouldn’t get a dime. It’s called capitalism. In China, where the govt picks the winner that’s called totalitarianism. Which one do you choose?
that means they know China is powerful..so work together..why fight win win kids
You are kidding right? Intel doesn’t need my tax money. They need to change the broken culture they have created themselves. GF has IP access to TSMC best tech, use that to build fabs here, why give money to intel when they bought back 10ths of billions of $ worth of stock
China's🇨🇳 chip industry bloom! US🇺🇸 must accept, that it's not the only 🌎country, with the right to PROGRESS and THRIVE.
Isn’t that what TCJA is? Basically tax liability goes negative if all manufacturing is in US.
Why not? Milk it while you can.
Why go to Washington DC when Amazon, Google, Apple, Facebook, Oracle and Microsoft damn-near run the world?
why is it important to 'stay ahead' of china and others? The orange Loser is cutting down every connection to other countries, so the us won't sell anything outside it's borders anyway
Those subsidies will just end up mostly to the CEO's pockets.
Socialist programs suck, except............
The trend of state sponsored industries will likely continue to increase- taxpayers subsidizing businesses- easy way for elite politicos to stay wealthy & in powerful positions.
Reinvest your cash rather than buying back your own stock. Don't blackmail your country for the mistake you made.
QE INFINITY = JAPANIFICATION
Free market capitalism
Pretty disgusting these PROFITABLE companies are asking for government handouts
Maybe this time you won't be so quick to give US technology away.
Govt chip in ...
Thought they were referred to as “fries” over there
Which chips are better
Where is fair trade gone? Fair competition? What a joke!
Does it work? Will the funding ended up as CEO's extra bonus?
Handouts for companies worth a trillion dollars?
The US lost from China in 2016 when clecer Putin helped Trump to the throne. They will never be the world leaders again.
What happened to that all knowing invisible hand? I thought the free market was the best, right guys?
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »