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I'm normally a free market type of guy, but national defense is an exception. Your post shows the effectiveness of companies using national defense as a PR stu
by aurareturn 3y ago
I'm normally a free market type of guy, but national defense is an exception.
Your post shows the effectiveness of companies using national defense as a PR stunt to siphon public money.
Intel's Pat Gelsinger has arguably been the most effective at this. He's been touting national defense as a way to get billions in subsidies since his first day on the job, and then turned around and used their profits to buy back more stock or give out dividends.
- paul_funyun 3y agoOf course it's inefficient, if it wasn't inefficient it wouldn't need subsidies. Better than nationalizing it or outsourcing our security to foreign actors.
- Gow8876 3y agoShould have started during Obama's time. Now too late. The mid -segment and low-end chips prices already cornered by the Chinese. The high-end cornered by Taiwanese. The best USA can do now is economic trade barrier on silicon - have to do it now to have a chance recovery within next 5 years before Chinese reach 2nm mass productions especially going for quantum and AI GPUs.