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The Chips Act isn’t about creating jobs, we are trying to reduce our dependency on chips made in Taiwan, which produces 90% of all advanced chips. Intel is the
by melling 2y ago
The Chips Act isn’t about creating jobs, we are trying to reduce our dependency on chips made in Taiwan, which produces 90% of all advanced chips.
Intel is the only American company that is currently capable of addressing this problem.
Other countries subsidize chip development. I don’t think the US is anywhere near the lead in chip subsidies
- gsibble 2y agoTSMC is building in the US and even Intel is using them since they are so far ahead engineering wise.
- melling 2y agoYes, it’ll take a few years for Intel’s fabs to match TSMC. $20 billion and 2-3 years per fab.
- shrimp_emoji 2y agoIt will take way more time than that because Intel is a bloated, corrupt, and incompetent company.
- b112 2y agoIndeed. In a sense, it's about reducing the probability of one path to WWIII.
- MyFedora 2y agoThis enables America to go to war against countries that produce chips without worrying too much about losing access to chips. Independence allows countries to go to war. Dependence on each other forces countries to remain neutral.
- b112 2y agoYes but in this scenario Taiwan is an ally, China is a hostile power bent on taking over Taiwan by any means, and Taiwan is currently essential. If China attacked Taiwan today, the West would step in out of an unshakeable reliance upon those chips. The West would implode economically without them. The supply shortages we saw during Covid are a joke compared to Taiwan vanishing. And as with any dictatorial situation, China is driven from the top, and dictators are often over bold, or have opinions contrary to reality.. unchallenged by their underlings. They are told what they want to hear. My point being, China is going to take Taiwan in a few years, one way or another. If the West is not self reliant at that time, there will be war. And that was the whole point of this act. It has broad support and was voted for by a both sides of the US spectrum. Covid supply shortages provided an easy example of why supply needs to be domestic. The age of low cost international trade is closing. Transportation is costly, the US is no longer patrolling the oceans as much, China is very actively, openly hostile now, and the world is changing. Domestic production is going to be more and more of a requirement, for everything.
- MyFedora 2y agoIt's difficult for me to picture the US and China entering into a full-scale war, primarily because of the deep financial interdependencies between them. China holds a substantial amount of US debt and, in practice, tends to view this more as a long-term investment rather than expecting immediate repayment. A military conflict would not only jeopardize this financial relationship but also risk significant economic fallout. Essentially, China has the leverage to dramatically impact the US defense budget, making a major conflict between the two countries a less likely scenario given these economic realities.
- GreatLdisisp88 2y agoAllowing Russia to join NATO would nullify WW3. Disbanding NATO and separately signing FTA or allowing EU to do so would also prevent WW3. Heavily dependent on China and not use billions to fund disinformation will also prevent that. CIA taking out Netan will also prevent that instead of pouring more bombs to replenish Netan's troops. All in all, it sure looks like USA wholely wants WW3.
- b112 2y agoNone of those things will prevent WWIII, and some of them will escalate towards WWIII.
- HelloNurse 2y ago"Allowing" Russia to join NATO is a particularly bizarre concept, not dissimilar to "allowing" a fox to join a henhouse.