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U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

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Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#81

Post by woooooo »

reducesuffering wrote: post #76
throw39323 wrote: post #70

Earlier quoted context omitted.

Does that really matter? Saudi Arabia is an ally.

Saudi Arabia is an unfortunate alliance as a pawn in the larger game against the more severe problems that China, Russia, and Iran pose, along with ensuring energy stability until we have better options. In a better world, we would never be friends with a dictatorship like that and their ideals. It's the less bad option, unfortunately. Snubbing all countries with problematic governments like Turkey, Saudi, Ethiopia,…

So what's the specific difference between Saudi/Turkey and Russia/China then?

Sounds like all the moralizing is just chaff and it's pure power politics.

Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#82

Post by hbossy »

benced wrote: post #28
advisedwang wrote: post #2

Crazy that congress is fighting over ownership of TikTok, but letting a critical piece of US manufacturing be foreign owned with hardly a word.

Can you explain what nefarious things Japan - one of the US’s closest allies by the way - could do by owning 12% of the USA’s steel output in the form of physical factories that are on US soil?

It's also the only country to ever start a war with the US over steel exports.

Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#83

Post by pfannkuchen »

jszymborski wrote: post #19
woooooo wrote: post #17

Earlier quoted context omitted.

In the 80s and 90s there was a lot of hostility to Japan, because they looked like they might surpass us economically. They were even the villain of some Tom Clancy books. Now, the fear/hate is aimed at China, same reason.

There's more reason than that for Western hostility to China, not least of which is that it is an authoritarian regime with aggressive expansionist goals. Let's also not forget the reciprocity of the hostilities.

> aggressive expansionist goals

Like reintegrating Taiwan and HK? Anything else? Tibet I guess? I thought China was generally satisfied with its borders, except for areas it feels were split off due to external interference.

Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#85

Post by [deleted] »

throwaway2037 wrote: post #80
selimthegrim wrote: post #50

Earlier quoted context omitted.

Didn’t they shut down Nikon’s EUV program and give the IP to ASML?

Who is "they"? I Google'd for "Nikon’s EUV program". First hit: https://www.nikon.com/company/ir/ir_library/event/pdf/2023/2... Page 47: > Nikon exited the development of EUV lithography systems about 10 years ago due to the enormous investments required for the development. I could not find anything about "giv[ing] IP to ASML". Can you provide a reliable source?

[deleted]

Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#86

Post by selimthegrim »

throwaway2037 wrote: post #80
selimthegrim wrote: post #50

Earlier quoted context omitted.

Didn’t they shut down Nikon’s EUV program and give the IP to ASML?

Who is "they"? I Google'd for "Nikon’s EUV program". First hit: https://www.nikon.com/company/ir/ir_library/event/pdf/2023/2... Page 47: > Nikon exited the development of EUV lithography systems about 10 years ago due to the enormous investments required for the development. I could not find anything about "giv[ing] IP to ASML". Can you provide a reliable source?

There were some allegations elsewhere on HN that the US government had a hand in this.

Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#88

Post by impulser_ »

Loughla wrote: post #13
sanxiyn wrote: post #4

Earlier quoted context omitted.

I think the critical difference is that Japan is an ally and China is not.

For now? I am pretty sure that at one point China was an ally and Japan an enemy. I think.

Yeah but times are very different than the past. Today, Japan is one of our greatest allies in the region and their economy depends heavily on the US. The US is Japan's #1 trade partner and a lot of their industries are heavily involved in the US.

For them to become an enemy of the of the US would probably kill their economy.

Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#89

Post by crisply5706 »

Razengan wrote: post #63
crisply5706 wrote: post #57

Earlier quoted context omitted.

No, it's not. Nobody said that. Stop screaming nonsense so that someone will argue with you.

So why aren’t you all screaming about those as much as you scream about TikTok

Normal adults can care about more than one thing at a time and it is not mandatory or necessary to talk about every problem every time.

Why aren't you screaming about the various genocides and wars? Why aren't you screaming about every single injustice in the world all the time?

Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#90

Post by jjk166 »

JumpCrisscross wrote: post #48
blackeyeblitzar wrote: post #39

Earlier quoted context omitted.

Why? I'm not trying to troll, but I am wondering what the goal is? To me it seems like encouraging fair competition and letting deserving smaller companies survive is a sort of efficiency. A lot of big companies seem to be big because they're doing something shady - like the US steel example, or Microsoft with browsers (and now AI), or Apple with app stores and payments.

> what the goal is? Economies of scale.

Generally there is a maximally efficient scale beyond which further growth actually decreases efficiency through diseconomies of scale.

https://www.investopedia.com/terms/d/diseconomiesofscale.asp

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