Re:Senate passes bipartisan bill to subsidize U.S.-made semi...
by onepointsixC on Wednesday July 27, 2022 @06:02PM
(#32257606)
> But $50B to large monopolistic companies isn't "too expensive," and we can afford that.
The US cannot afford losing its technological edge. It is an issue of national security. CHIPS is quite a modest bill compared to foreign competitors such as the South Korean $450Bn bill[1]. And that's not even going into how much subsidies China is pumping into their fabs.
The US cannot afford losing its technological edge. It is an issue of national security. CHIPS is quite a modest bill compared to foreign competitors such as the South Korean $450Bn bill[1]. And that's not even going into how much subsidies China is pumping into their fabs.
[1]: https://www.bloomberg.com/news/articles/2021-05-13/korea-unv... [1 Non paywalled]: https://archive.ph/9Gs8q