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Tech giants join call for funding U.S. chip production

reuters.com

61–70 of 301 posts

Re: Tech giants join call for funding U.S. chip production

#61

To all those saying that those companies can afford it themselves, remember that there are reasons they don't. The economics don't add up. Companies tend to do what is in their economic interest to do. Something like this can change the economics, which could be a good thing.

+1. I'd also guess that these companies getting together to start a joint venture is not really feasible, due to anti-monopoly laws.

Re: Tech giants join call for funding U.S. chip production

#62

To all those saying that those companies can afford it themselves, remember that there are reasons they don't. The economics don't add up. Companies tend to do what is in their economic interest to do. Something like this can change the economics, which could be a good thing.

Can you please elaborate? I struggle to discern the ultimate effect of private capital versus government funds in this situation. Ideally, a business’ problems are handled by itself, not via the federal government using taxpayer monies.

Re: Tech giants join call for funding U.S. chip production

#63
Well, TSMC had 2020 revenue in the 30 giga-$ range. Even a few 3% sales tax on that revenue would pay for a 5 giga-$ investment in 5 years. (or a few F-35's / year)

That's grossly optimistic numbers, given US labor costs, startup costs, etc, but it's also potentially a reasonable investment that would be sustained by domestic and international purchases (one would hope).

Re: Tech giants join call for funding U.S. chip production

#64
post #32

Earlier quoted context omitted.

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.

Protip: Just because something is legal doesn't mean it's ethical or good

I didn't make any statement on that and you are assuming that the lack of signaling means acceptance.

I said onshore banks open accounts for many entity types that are not limited to just humans or just businesses from the 50 states.

The prior poster assumed a bank in another country was necessary, which can be very difficult to open and maintain for a US citizen owner of an offshore company.

Re: Tech giants join call for funding U.S. chip production

#65
post #23

Earlier quoted context omitted.

Everyone who works there should be already paying income taxes. Why the double taxation?

Do corporations pay tax on their payroll? I'm not understanding what's being doubly taxed here.

Actually, they do. You pay half of the payroll tax and the company pays the other half. This is payroll tax and not income tax, that is Social Security and Medicaid. This is why if you're self employed, there is a self employment tax.

That said, I think that the parent is making a different point. I think the parent's point is that if the owners and employees of a company are paying taxes, then taxing the profit of a company taxes twice, once for the profit and then again for the income that comes from the dividend.

Re: Tech giants join call for funding U.S. chip production

#66
post #6

Dupe from earlier today: https://news.ycombinator.com/item?id=27116601

On HN, it only counts as a dupe if the previous submission got significant attention. This is in the FAQ: https://news.ycombinator.com/newsfaq.html. Lots of past explanation here too: https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que...

Re: Tech giants join call for funding U.S. chip production

#67
post #41

I feel like in about 4 years time there's going to be a massive bust in chip prices from massive oversupply based on the plans for chip manufacture around the world?

Okay, cool. We can get back on track then instead of randomly pointing fingers at resellers and miners.

Re: Tech giants join call for funding U.S. chip production

#68

> 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…

TSMC is a member of this Semiconductors in America Coalition lobbying group already, apparently https://www.chipsinamerica.org/about/
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