3 ms·
That was a very similar investment landscape when TSMC started up - it’s a real shame that US capitalists are so short sighted. Or maybe they’re too cheap to in
by dv_dt 3y ago
That was a very similar investment landscape when TSMC started up - it’s a real shame that US capitalists are so short sighted. Or maybe they’re too cheap to invest when they have control of government taps via lobbying. Why invest your own capital when you can lobby for government handouts.
- dsr3 3y agoTaiwan Government own 48% of TSMC stock at it founding. TSMC is not a product of free market capitalism. It is a product of the Taiwanese state. Source: Chip Wars (2022)
- dv_dt 3y agoThen it's a shame the not only US capitalism and world capitalism is incapable of investing in the long term. Though I'm fine with government support as long as the outcomes return a fair share of the benefits of the private venture back to the government.