Re:Chip shortage: Toyota to cut global production by 40%
by Johnny555 on Thursday August 19, 2021 @03:26PM
(#28238200)
Yet there's plenty of people that speak out specifically against semiconductor subsidies:
https://foundersbroadsheet.com/does-the-semiconductor-indust...
Supply and demand shocks will work themselves out fairly quickly if just left to market forces without government involvement. But a large section of the US population is under the delusion that if there’s a problem, only government can fix it.
https://thehill.com/opinion/international/560338-government-...
One part of the legislation, the CHIPS Act, allocates $52 billion to subsidize the construction of new chip factories in the United States. Officials believe it could result in seven to 10 new U.S. factories. Although a national security case can be made for it, too much subsidy can do more harm than good.
> wait, I paid thousands of dollars for my phone and computer, why are we paying them to build plants here, don't we pay them enough
This line of reasoning isn’t generally extended to any other area of production, so I don’t see why it would apply here.