6 hours ago6 hr Author 13 hours ago, Matt! said:Biden supported Intel through the CHIPS act so what is he complaining about?China, South Korea, Japan, and Taiwan (Taiwan semiconductor which is beating Intel) have their governments heavily involved in promoting their strategic industries. Without public help those industries would not be at their current level right now and out-competing western corporations.
4 hours ago4 hr 2 hours ago, Cult Icon said:Biden supported Intel through the CHIPS act so what is he complaining about?China, South Korea, Japan, and Taiwan (Taiwan semiconductor which is beating Intel) have their governments heavily involved in promoting their strategic industries. Without public help those industries would not be at their current level right now and out-competing western corporations.Supporting and owning are two very different things in this context. The CHIPS Act gave Intel subsidies and tax credits to encourage U.S manufacturing, which one would consider a normal industrial policy. Government buying 10% of the company’s stock at a discount, that’s direct ownership. One is about incentives, the other blurs into state control. That’s government overreach = socialism.Hence,
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