101–110 of 581 posts
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Perhaps then fabs should be considered important enough for the US then that a new entity, perhaps not unlike NASA, is created to create and run these.
NASA seems to outsource a lot. Would you like Boeing to create the fab next door to you? What could go wrong??
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Intel hasn’t been “the best” since the world cared more about mobile in 2010. There GPUs have always been also ran. It just wasn’t a big deal until crypto and later machine learning. Even for integrated graphics, Intel has been behind Apple’s/TSMC ARM based processor before the Mx based Macs.
For me it's debatable that they were "behind" on GPU because I didn't need a bleeding edge gaming GPU. I only needed a GPU fast enough for spreadsheets and code editors, provided at a competitive price and power budget. Intel actually did deliver that.
Is this the beginning of the US sovereign fund?
Holding significant stakes in domestic companies just seems like light state capitalism.
Is this the beginning of the US sovereign fund?
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"Fascism should more properly be called Corporatism because it is the merger of state and corporate power.” — Benito Mussolini
But when you link evidence that hitler had secret meetings with capitalist business leaders to bankroll him, the entire mefo bill nonsense, etc to the "were nazis socialist?" argument you get downvoted.
Well it's complicated... Is China socialist? What about state capitalism in general?
Does the US need a domestic Intel more than domestic ASML (or Zeiss for that matter)?
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Efficiency is in tension with resilience. I think the pursuit of efficiency at the high end results in a less efficient system because of all the second order effects.
I like that framing. I also think it’s a disservice to only think in terms of capital efficiency since who really cares how efficient your capital is if you can’t produce food when there’s a shock?
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This and everything else. We outsourced manufacturing of almost everything then are surprised when the people doing it for decades are better than we were.
We outsourced manufacturing because it's not very profitable. The Mag 7 make 50x as much money as TSMC. Apple and Microsoft are the most profitable businesses in history.
Financialization is a dead end when you face a nation state determined to control steps in you value chain. How profitable will apple be if they can’t get chips?
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Intel hasn’t been “the best” since the world cared more about mobile in 2010. There GPUs have always been also ran. It just wasn’t a big deal until crypto and later machine learning. Even for integrated graphics, Intel has been behind Apple’s/TSMC ARM based processor before the Mx based Macs.
Well on desktop and server they pretty much had no competition until the late 2010s or so. So they were the best by default.