4 ms·

What finance guy will ever approve this? I doubt that the service agreement would ever be approved with that clause.

kurthr 5y ago
LOL, the current political heads for the state of Texas (and county of Taylor) will happily trade future liability of their constituents for investment now (and kickbacks later). Honestly, I think Samsung's management is more comfortable in this sort of "political" environment than many others. If you watch local news reporting, it's hilarious that they (politicians) have no idea what the "factory" does. I'm personally highly doubtful that a fab which hasn't broken ground will be producing viable 5nm at the 2H of 2024 as claimed (or cyber trucks for that matter).
- kortilla 5y ago
  > the current political heads for the state of Texas (and county of Taylor) will happily trade future liability of their constituents for investment now (and kickbacks later) Do you have some examples of this?
  - kurthr 5y ago
    ERCOT, the massive statewide blackouts, and bailing out massive price gouging of the electric utilities that basically makes the reliability of the grid an issue in the first place? https://www.texastribune.org/2021/05/25/electricity-market-financing-winter-storm/ https://www.texastribune.org/2021/05/25/electricity-market-f... Or, in general: https://www.texastribune.org/2017/08/09/are-business-ties-between-lawmakers-and-public-entities-conflict-inter/ https://www.texastribune.org/2017/08/09/are-business-ties-be... Billion dollar "public/private" investments turn in to boondoggles except for those who retire as lobbyists or foreign firms who pick up the pieces of the bankruptcy.
DavidPeiffer 5y ago
Surely there's an insurance company that would take on that risk, and the government could pay for it. These government incentives are rife with excessive spending on a per-job/total economic impact basis. I see no reason why this detail would derail things.
dylan604 5y ago
You might want to do some research into the people in charge. You're kind of implying that those people would listen to bean counters over their pollsters. This is where the flaw in your logic is located. Also, you're using logic in the first place ;-)

LOL, the current political heads for the state of Texas (and county of Taylor) will happily trade future liability of their constituents for investment now (and kickbacks later). Honestly, I think Samsung's management is more comfortable in this sort of "political" environment than many others. If you watch local news reporting, it's hilarious that they (politicians) have no idea what the "factory" does. I'm personally highly doubtful that a fab which hasn't broken ground will be producing viable 5nm at the 2H of 2024 as claimed (or cyber trucks for that matter).

kortilla 5y ago
> the current political heads for the state of Texas (and county of Taylor) will happily trade future liability of their constituents for investment now (and kickbacks later) Do you have some examples of this?
- kurthr 5y ago
  ERCOT, the massive statewide blackouts, and bailing out massive price gouging of the electric utilities that basically makes the reliability of the grid an issue in the first place? https://www.texastribune.org/2021/05/25/electricity-market-financing-winter-storm/ https://www.texastribune.org/2021/05/25/electricity-market-f... Or, in general: https://www.texastribune.org/2017/08/09/are-business-ties-between-lawmakers-and-public-entities-conflict-inter/ https://www.texastribune.org/2017/08/09/are-business-ties-be... Billion dollar "public/private" investments turn in to boondoggles except for those who retire as lobbyists or foreign firms who pick up the pieces of the bankruptcy.

DavidPeiffer 5y ago

Surely there's an insurance company that would take on that risk, and the government could pay for it. These government incentives are rife with excessive spending on a per-job/total economic impact basis. I see no reason why this detail would derail things.

dylan604 5y ago

You might want to do some research into the people in charge. You're kind of implying that those people would listen to bean counters over their pollsters. This is where the flaw in your logic is located. Also, you're using logic in the first place ;-)