Earlier quoted context omitted.
United States Semiconductor - aka spinning up a nationalized firm.
And that’s gonna be cheaper?
The goal isn't to be cheaper, it's to have a reliable domestic supply chain.
Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
41–50 of 489 posts
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#42Such a monumental scam and a gross theft from taxpayers. Companies making billions of dollars in profits don't need free money. I could be onboard with a subsidized loan, but handouts are not needed. FWIW, I work at a company that stands to benefit from this bill. Does the US need to secure reliable semiconductor supply chains free of China? Sure. This is not the most cost effective way to do it.
>This is not the most cost effective way to do it.
Agreed. The alternatives should have been presented. Maybe include this in partnership with canada, mexico and others. Where the wonks at?
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#43Earlier quoted context omitted.
What would be a good way?
Have the DOD force its suppliers to make their things in the US? Only allow them to import raw materials or low value manufactured elements. Just throwing ideas, might not be practical...
*And force all US Federal spending to not purchase computer equipment made outside the US with non US made components.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#44Banning Proof of Work cryptocurrencies from being traded on licensed exchanges would achieve the same improvement of chip availability, as well as saving a huge amount of electricity, for $0. I guess sensible measures like this don't boost the share portfolios of politicians' spouses though.
Are the kind of chips being used to mine crypto the same kind that are keeping Ford from building trucks?
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#45Earlier quoted context omitted.
What would be a good way?
Have the DOD force its suppliers to make their things in the US? Only allow them to import raw materials or low value manufactured elements. Just throwing ideas, might not be practical...
Yes but without a foreign policy economic investment may be difficult.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#46Earlier quoted context omitted.
What stocks? Intel & AMD dont seem to have moved much. Asking for a friend.
nvidia, which they sold today at a large loss.
By “they” are you talking about Paul Pelosi?
Can somebody explain how buying stock for $100(1) and selling at $165 causes a loss? I’m not being flippant, it’sa serious question.
1. https://www.businessinsider.com/nancy-pelosi-stock-trades-pa...
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#47Earlier quoted context omitted.
"What works is a free market. Raise import costs on CPUs and you’ll incentivize building in the US and more companies to form." Is the market really free with tariffs?
It definitely isn’t, but at this point “free market” has been watered down so heavily it gets used improperly all the time. It’s more of a political slogan than an actual policy.
A "free market" isn't borderless. There's virtually no precedent for that.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#48I disagree that subsidizing R&D to a few companies is going to make us more competitive. Look at GE or Boeing, it didn’t work out. What works is a free market. Raise import costs on CPUs and you’ll incentivize building in the US and more companies to form. It costs $0 tax dollars and brings in revenue and high paying jobs. Similar to what we did with car manufacturing.
Tariffs on products we don't have immediate domestic manufacturing capacity for will hurt the economy in the short term, which is not a great move during a period of rising inflation. It's a tough decision though, because it does feel like the better move for the long term.
The US still produces a lot of computer chips…
Intel is still a very large player in chips and dominate in some areas. Even TI which has tons of fabs (not highest end) as well. I don’t really understand this.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#49Earlier quoted context omitted.
What would be a good way?
Have the DOD force its suppliers to make their things in the US? Only allow them to import raw materials or low value manufactured elements. Just throwing ideas, might not be practical...
People already complain about the infamous "$5,000" wrenches and other silly ITAR compliance shenanigan's the DoD plays and drains their coffers... leading to increases in funding over the past many decades.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#50Earlier quoted context omitted.
What stocks? Intel & AMD dont seem to have moved much. Asking for a friend.
nvidia, which they sold today at a large loss.
> Paul Pelosi purchased on June 17, 20,000 shares of Nvidia, a top semiconductor company, worth between $1 million and $5 million, the Daily Caller reported, citing disclosure reports filed by the House speaker.
Price on June 17 was $158, right now it’s $178