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A comment on US Gov announces $8.5B preliminary CHIPS investment agreement with Intel. Parent comment

Re:US Gov announces $8.5B preliminary CHIPS investment agree... by adventured on Wednesday March 20, 2024 @04:12PM (#39771470)
And simultaneously the US has been ploughing massive amounts of capital into domestic manufacturing construction. Money that would have previously been invested into China or elsewhere, is now staying domestic (with a lot of capital also going to eg Mexico).
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Re:US Gov announces $8.5B preliminary CHIPS investment agree... by s1artibartfast on Wednesday March 20, 2024 @05:59PM (#39772496)
What do you mean when you say that the money would have previously been invested into China?

Was the US federal government previously funding fab development in China?

That is to say, it seams like this investment is to meet a very specific need, and wouldn't have happened otherwise. Similarly those paying aren't the same either.

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