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Making the case for a homegrown Canadian semiconductor industry

financialpost.com

41–50 of 101 posts

Re: Making the case for a homegrown Canadian semiconductor industry

#41
This touches a problem democracy inherited from the market participants it tries to emulate in the west nowadays.

Longterm commitment to plans.

It makes no sense to support projects short term, only then to hand the developed fruits of labour over to those capable to longterm commit to development. This is also the most valuable trait a government can bring to the market, as it is a system usually optimized for exploring local optima, but incapable to traverse the ridges of the research landscape by itself to new "hunting grounds".

In germany, a semi-conductor industry was existing and was given up, as further development would have needed propping up by government. Solar was developed and then fed to the wulfes locally, as entrenched energy providers sabotaged the support the young industry would have needed against chinas cheap manufacturing. And this pattern has played itself out over and over in western markets.

Shortsighted entrenched interests sabotage "new Players" who venture to those capable to commit.

So even, if at this moment, all parties agree to commitment, how longterm will this commitment be. Why should someone migrate from Taiwan to Canada, only to participate in a re-enactment of a short term "desert-flowering" of a chip industry?

Nobody would try to make a career on such shifting grounds. You cant built a cathedral on sand.

Re: Making the case for a homegrown Canadian semiconductor industry

#42
post #38
post #20

Earlier quoted context omitted.

Does Canada claw any of that back through expat income taxes? That would seem to be a more realistic and mutually beneficial economic arrangement than expecting people to ignore an opportunity to make substantially more lifetime income out of allegiance to their birth country. We stole one in Ohio, she even married into the family. Her parents are absolutely amazing folks, just saw them on their way back from winteri…

> Does Canada claw any of that back through expat income taxes? The US is the only country anyone cares about that taxes their expats.

Maybe we're on to something there.

Re: Making the case for a homegrown Canadian semiconductor industry

#44

This touches a problem democracy inherited from the market participants it tries to emulate in the west nowadays. Longterm commitment to plans. It makes no sense to support projects short term, only then to hand the developed fruits of labour over to those capable to longterm commit to development. This is also the most valuable trait a government can bring to the market, as it is a system usually optimized for explo…

Germany chose cheap solar over homegrown solar. It is not clear to me that German solar could have become as cheap as Chinese solar with the old subsidy scheme.

Re: Making the case for a homegrown Canadian semiconductor industry

#45
post #31

Earlier quoted context omitted.

A 90th percentile Canadian in BC would make ~$100k and pay 25.37% to taxes. A 90th percentile American in Washington right across the boarder would make $125k and pay 24.53% to taxes.

While true, it has no relevance to my comment. And it's a bit silly to compare with a state with no state income tax. Why not compare with NY, CA or OR?

As of Jan 1, 2022, WA will take 1% of W2 (employee) income for taxes. 0.4% for family leave insurance/sick leave insurance and 0.6% for long term disability insurance. It’s income tax in everything but name.

Re: Making the case for a homegrown Canadian semiconductor industry

#46
post #36
post #22

Earlier quoted context omitted.

https://en.m.wikipedia.org/wiki/List_of_countries_by_current... Per capita, our debt is comparable to the US

Yes but Canada cannot afford that much of debt because our dollar is not a global reserve currency with a massive standing army.

How does an army prop up a currency?

Re: Making the case for a homegrown Canadian semiconductor industry

#47
post #9

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iroikDYIT5Q... Canada's deficit is among the worst of all relevant countries at the moment.

The public deficit is the surplus of the private sector (1).

Without that deficit you would have or a fall in GDP or an increase in private debt (that it's a lot worst than public debt).

(1) https://www.youtube.com/watch?v=WS9nP-BKa3M

(Stony Brook University, Presidential Lecture Series: Stephanie Kelton)

Re: Making the case for a homegrown Canadian semiconductor industry

#48

Canada needs to focus on retaining the tech capacity that it has. https://financialpost.com/news/economy/virtual-brain-drain-p...

LOL I interviewed for Delvinia, and their offer was tremendously under market. Good riddance.

No wonder Asking Canadians surveys were such a pain when I did them.

Re: Making the case for a homegrown Canadian semiconductor industry

#49
post #28

Earlier quoted context omitted.

California isn't rich because of agriculture. It's a rich state that happens to do some agriculture.

Illinois is 100% agriculture. All the tech from Schaumburg and Naperville (W. Chicago) has been hollowed out. It's still relatively rich as a state ... You are forgetting that until recently in Brazil the USA had double the agricultural productivity of any place else on Earth...

Chicago GDP = $619B IL GDP = $897B

Agriculture is a small fraction of what IL produces.

Re: Making the case for a homegrown Canadian semiconductor industry

#50
post #36

Earlier quoted context omitted.

Yes but Canada cannot afford that much of debt because our dollar is not a global reserve currency with a massive standing army.

How does an army prop up a currency?

By destroying any country that dares to oppose petrodollar (latest example being Libya).

Edit: Google “libya petrodollar gold”

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