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Going to be a hell of a chip glut in a few years, and these billions may well have been flushed down the toilet. I get that there's a "national security" compo
by missedthecue 3y ago
Going to be a hell of a chip glut in a few years, and these billions may well have been flushed down the toilet.
I get that there's a "national security" component but in 2029 when your subsidized and uncompetitive chip fabs are selling a dollar for fifty cents, your choice will be to pour more taxpayer money into the bottomless pit or admit defeat.
- kjkjadksj 3y agoPouring taxpayer money into a bottomless pit at least enables graft
- unethical_ban 3y agoYou seem to be assuming American production cannot be competitive, and that public goods operated by the government at a loss is inherently a bad thing.
- missedthecue 3y agoYes, I believe both things are pretty clearly true. And not just American. India, every major EU country + UK, and a number of others are prepared to dump billions into chip fabs. And this does not even include China, Japan, Korea, and other Asian countries. The glut is going to be incredible.