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What you are describing is basically subsidies. Taiwan lowered the capital cost of TSMC thus made them more competitive than their competitors. The Chinese did
by Seanambers 3y ago
What you are describing is basically subsidies.
Taiwan lowered the capital cost of TSMC thus made them more competitive than their competitors.
The Chinese did much of the same with their tech sector especially Huawei if I remember correctly with gigantic tax breaks and cheap financing.
- h0l0cube 3y ago> What you are describing is basically subsidies In this case, subsidies (and incentives) are 'governments throwing money at engineering problems'. The US does the same for SpaceX, EV manufacturers, and the entire military industrial complex – with the latter making tech controlled by the government