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I don't want my tax money filling the coffers of an American monopoly.
by alaricus 4y ago
I don't want my tax money filling the coffers of an American monopoly.
- outside1234 4y agoThe alternative is that they take $5.5B from France and you lose the jobs. Strategically, you want the semi jobs to seed local expertise.
- alaricus 4y agoYou can invest 5.5 billion to create local companies, instead of subsidizing an American one.
- dgellow 4y agoIf you want to create an Intel competitor from scratch that will be way, way more than 5.5 billions and will take a ridiculous amount of time.
- alaricus 4y agoYou don't need to create an Intel competitor from scratch. For example the same money can be better invested in Infineon, ASML, Bosch or a number of local companies that work on chips. Or it could be put into RISC-V work.
- dgellow 4y agoI don’t get your point. What you describes sounds exactly like the goal of such a subsidy. With new Intel factories in Europe that means more demand for ASML and other European companies, given that they already collaborate. With the addition that you can now train Europeans and develop the industry locally.
- alaricus 4y agoMy point is that as a taxpayer in Germany, I don't want to subsize an American company. Better to invest in local companies like Infineon or Bosch.
- adventured 4y agoAmericans feel your pain, given the subsidies German automakers have received to build plants in our country over the decades. Mercedes got $260m in Alabama in the early 1990s, BMW got $150m in South Carolina in the early 1990s, Volkswagen got $570m in the late 2000s in Tennessee. That's close to $1.6 billion inflation adjusted from just three examples of it. The US economy is six times the size of Germany's economy, so those are massive subsidies in relation.
- outside1234 4y agoI don't know about Infineon, but Bosch would boat anchor that money and then you'd just be out $5.5B. No way Bosch is going to be a world class fab provider.
- BeetleB 4y agoInvesting in those (other than ASML) just means the money will go to Taiwan/China. It's no more likely to stay in the EU.
- BeetleB 4y ago5.5 billion will barely let you build a fab, if even that.
- dgellow 4y agoWhy do you care about the origin of the company?
- alaricus 4y agoI consider it unethical for my tax euros to subsidize an American company.
- cute_boi 4y agoPeople living on democracy have right to question when their money is being spent in enriching the country which has habit of meddling foreign policy?
- dgellow 4y agoYou can question whatever you want. That doesn’t answer why it matters that Intel has their HQ in the US. It’s not like there is such a large choice of companies if you want to be able to produce chips in Europe.
- alaricus 4y agoIntel is subservient to American government. I don't want German taxpayer money going into an entity that is subservient to the American government. For example, America has a habit of forcing American companies to push American foreign policy. For example: Google dropping Huawei.
- ezsmi 4y agoWhat market is Intel a monopoly in? They don't even have all of the x86 market. https://www.extremetech.com/computing/335650-amd-achieves-all-time-record-x86-market-share-in-q1-2022 https://www.extremetech.com/computing/335650-amd-achieves-al...
- alaricus 4y agoIf you want to buy a laptop/server than you pretty much have to choose between Intel and AMD. Thankfully, the world is slowly changing.
- f6v 4y agoUnderstandable, but that’s why western liberal democracies have been established. G7 summits leave no room for this kind of reasoning.