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There's a lot of nuance missing from your post. First, $6bn between 1993 and 2000 is worth a bit more in today's money. Second, the $6bn you mention is only wha
by onion2k 5y ago
There's a lot of nuance missing from your post. First, $6bn between 1993 and 2000 is worth a bit more in today's money. Second, the $6bn you mention is only what Intel Corp received directly; money to their suppliers, subsidiaries, companies they acquired immediately after the subsidy was granted, etc won't be counted in that total. And lastly, if you counted 2021 in the number you'd have to add tens of billions more due to a huge surge in chip manufacturer subsidies passed by the senate recently.
There's nothing wrong with subsidising Intel. They're competing against countries like South Korea whose government recently announced a package of chip manufacturer subsidies worth $450bn after all. They won't be able to compete if they're aren't given a little help.