GlobalFoundries wins $3.1B in CHIPS Act subsidies for NY, Vermont

Re:GlobalFoundries wins $3.1B in CHIPS Act subsidies for NY,... by WarOnPrivacy on Monday February 19, 2024 @09:24AM (#39430024)

> we’ve been of the collective mindset that internationalizing supply chains is best, for multiple reasons.

Ultimately (multimately?) the collective mindset is of the investors and execs who directly, financially benefit from those reasons.

I know this is a narrow lens with which to view pub+corp financial decisions. But it keeps producing such stunningly accurate pictures and I find it hard to not use it.

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Re:GlobalFoundries wins $3.1B in CHIPS Act subsidies for NY,... by pm90 on Monday February 19, 2024 @09:52AM (#39430353)

I think thats a very simplistic view.

Yes labor is cheaper in Asia. But the other factor is the availability of a certain kind of labor force. You need a lot of people that are highly skilled to operate these facilities. There isn’t that kind of workforce available in NA today.

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Re:GlobalFoundries wins $3.1B in CHIPS Act subsidies for NY,... by WarOnPrivacy on Wednesday February 21, 2024 @05:52PM (#39460746)

> I think thats a very simplistic view.

I think you're right and I'm not wrong. Wile picking apart the complexities, the drive to maximize profit will be a factor popping up again and again.

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