Economy Industrial High Tech (Redux)

I wonder if anything from the previously-mentioned American Foundries Act made its way into this bill.

The American Foundries Act was introduced almost a year ago but never got off the ground.

I believe that and the CHIPS For America legislation were both rolled into the $250 billion U.S. Innovation and Competition Act, which also injects tens of billions into fundamental and applied scientific lab research. One thing is clear, things have gone absolutely apeshit in the greatest way imaginable. This is straight up bonkers, these are historic foreign direct investments with insane amounts of capital being thrown down and poured into the (advanced) manufacturing sector. China is going to get absolutely steamrolled, they still ain't even off the fucking ground.
 
It's 250-plus, homie.



DOOMED TO FAIL!

{<jordan}

Uh, No.


5dc503.jpg
 

https://www.bbc.com/news/business-56316943.amp

China is at least 30 years away from becoming a manufacturing nation of "great power", a government advisor told party delegates on Sunday.

Many observers already see China as the "world's factory" given that more than a third of global output from cars to phones comes from there. But China's leaders are concerned about its heavy dependence on the US for high-tech products like semiconductors.

"Basic capabilities are still weak" Miao Wei warned on Sunday. "Core technologies are in the hands of others" and China runs the risk of "being hit in the throat" warned Mr Miao, who was Minister of Industry and Information Technology for a decade.
 
Well there's your problem



It feels like Cornyn is consistently one of the most clueless and tone deaf people in US Congress. He posts a lot of comments or stories that have among the biggest "Fucking Duh" replies and I can't ever quite tell if he's actually stupid or just pretending to be.

<36>
 
Murica just grabbed them by the dong, bro.





@Bald1

<Dany07>

Senor Dong apparently has info on how they forecasted spread patterns, economic impact and so made the best of the situation while fucking the world. If Mr Dong indeed has such info then hopefully the CCP is fucked.

Dong
 
Well there's your problem



this has nothing to do with taxes and everything to do with intel being complacent, arrogant, and shitty. they've been putting tons into buybacks for about 20 years now... and their r&d has gone to the wayside. it's partly why amd leapfrogged them.

https://ycharts.com/companies/INTC/stock_buyback

assloads of buybacks during obama, as well.


even without the buybacks, intel would have fallen behind tsmc.


it's also why it's idiotic to 'bail intel out' and subsidize their new fabs - especially when tsmc and samsung are making (likely better) fabs here, as well. intel had tons of money (and still does, really) and just pissed it away.
 
this has nothing to do with taxes and everything to do with intel being complacent, arrogant, and shitty. they've been putting tons into buybacks for about 20 years now... and their r&d has gone to the wayside. it's partly why amd leapfrogged them.

https://ycharts.com/companies/INTC/stock_buyback

assloads of buybacks during obama, as well.

Yeah man... that's the point... it should have been obvious the money wouldn't go to R&D...
 
Yeah man... that's the point... it should have been obvious the money wouldn't go to R&D...

???

no, it's not your point - because you blamed it on taxes. taxes aren't relevant to this, this is all on intel. they did this before the tax cut.

amd received the same tax cut and... did 0 buybacks, invested heavily in r&d, and now have the best CPUs. it's not taxes.
 
???

no, it's not your point - because you blamed it on taxes. taxes aren't relevant to this, this is all on intel. they did this before the tax cut.

amd received the same tax cut and... did 0 buybacks, invested heavily in r&d, and now have the best CPUs. it's not taxes.

*woosh
 
Well there's your problem


Buybacks can get stupid. Look at the airlines. Or look at GR last decade

they can be good, but there’s so much irresponsible nonsense that many of these guys need to be like the banks and the fed. Have to get dividends and buybacks approved every quarter
 
Yeah man... that's the point... it should have been obvious the money wouldn't go to R&D...
???

no, it's not your point - because you blamed it on taxes. taxes aren't relevant to this, this is all on intel. they did this before the tax cut.

amd received the same tax cut and... did 0 buybacks, invested heavily in r&d, and now have the best CPUs. it's not taxes.

Intel spends absurd amounts on R&D. That said, the leadership over the last decade prior to the Gelsinger (re)hire earlier this year was absolutely disastrous and plugged by executive suits without any engineering know-how.



 
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Arizona group inks agreement with Taiwan aimed at attracting more chip companies
Published Tue, Aug 24 20211

106853072-1615536312825-gettyimages-1230847366-AFP_8ZR4WW.jpeg

An Arizona economic development group on Tuesday said it had made a deal with Taiwanese economic development officials aimed at making the U.S. state more attractive to Taiwan’s semiconductor industry as the world’s biggest chipmaker eyes a $12 billion plant in Phoenix.

The Taiwan-USA Industrial Cooperation Promotion Office, which is supported by Taiwan’s Ministry of Economic Affairs, signed an agreement with economic development officials in the greater Phoenix area to find ways to bring more of Taiwan’s vast semiconductor industry to the metro area.

The move comes as Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest chip company and a maker of semiconductors for Apple and many others, has said it wants to build a plant in Phoenix.

The Phoenix city council gave city officials the go-ahead to negotiate with the chipmaker in November, but the details of the deal — including any potential tax breaks — have not been released. Reuters reported in May the TSMC might build as many as six plants in the area, some of which could use its most advanced technology.

The Phoenix area is already home to a major Intel Corp chip factory, and NXP Semiconductors and ON Semiconductor also have factories and offices there.

Chris Camacho, chief executive of the Greater Phoenix Economic Council that signed the agreement Tuesday, said his group is working to co-locate as many TSMC suppliers and other associated companies to the area as possible. He said about 40 companies are currently evaluating Arizona for possible investment, but declined to name them due to confidentiality agreements.

Camacho said his group is working with schools and local governments in the region to try to ease the relocation process for Taiwanese families who move to the area.

“We’re unapologetically pursuing becoming the top global destination for semiconductors and the semiconductor supply chain,” he said in an interview.

https://www.cnbc.com/2021/08/25/ari...th-taiwan-to-attract-more-chip-companies.html
 
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