Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

Re:Senate passes bipartisan bill to subsidize U.S.-made semi... by spicymaki on Wednesday July 27, 2022 @05:11PM (#32257023)

It is despicable that we don't do enough for the poor, but the government can do two things at once. It does not need to be either or.

For the US this is a chip manufacturing is a key strategic asset. South Korea, China, and Taiwan governments are essentially funding their chip manufacturing. It is not a fair playing field. The fact that they are only spending $52B on grants and incentives out of $280B is actually too little. South Korea is spending $450B for local chip manufacturing over 10 years and that started last year.

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Re:Senate passes bipartisan bill to subsidize U.S.-made semi... by sct202 on Wednesday July 27, 2022 @05:23PM (#32257178)

While South Korea is throwing out giant numbers, the number of South Korean and Taiwanese companies who are announcing plants contingent on the CHIPS Act recently makes it seem like what the US is doing is very favorable (these companies have announced plans of SK Group $22b, Samsung $200b, Globalwafers $5b).

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