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Something like this can change the economics, which could be a good thing.
1. Set up off shore tax havens to not pay tax 2. Lobby government for subsidies 3. Laugh all the way to the off shore bank
protip: the funds are in on-shore banks under offshore business names. this isn't controversial, just something many don't understand as readily available and commonplace.
> Intel Corp to create a new lobbying group to press for government chip manufacturing subsidies. Assholes. They don't need subsidies to produce chips competitively in America (since they already do) and Intel is one of the reasons the industry is so reliant on TSMC. I'd much rather see this money go to founding a domestic TSMC competitor than to Intel. Or even to TSMC to have them build plants in North America. Fabl…
Wealthiest entities on Earth lobbies government for handouts. I'm not even being snarky, this is just a lobby group trying to socialize costs to avoid spending their own money. Explicitly: “Government should refrain from intervening as industry works to correct the current supply-demand imbalance causing the shortage,”. The industry is not stripped for cash at all, so if the government is not expected to steer, why s…
China maintains economic well being by donating the chip market and also the supply chains.
The Quad has emerged to dislocate Chinese tyranny in the Indo-Pacific, and US chip takeover will be one of the last strokes in China’s downfall.
How about you spend some of that cash hoard and do it yourself? I would rather the government start dealing with cyber attacks because that's going to affect the east coast something fierce if this crap keeps going. If the government gives money then it better talk to these companies about where their items are produced.
How about you spend some of that cash hoard and do it yourself? I would rather the government start dealing with cyber attacks because that's going to affect the east coast something fierce if this crap keeps going. If the government gives money then it better talk to these companies about where their items are produced.
~Montgomery Burns...probably
> “Government should refrain from intervening as industry works to correct the current supply-demand imbalance causing the shortage,” the group said.
What do they think "intervening" means?