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Biden Expected to Announce Billions in Chip Subsidies, WSJ Says (www.bloomberg.com)

submitted 1 year ago by [email protected] to c/[email protected]

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Biden Expected to Announce Billions in Chip Subsidies, WSJ Says::The Biden administration is expected to soon announce billions of dollars in new subsidies to chipmakers including Intel Corp. and Taiwan Semiconductor Manufacturing as part efforts to reshore production, the Wall Street Journal reported.

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[–] [email protected] 16 points 1 year ago* (last edited 1 year ago) (11 children)

More? Welp, I'm gonna keep saying it. Take with a grain of salt, I'm a tech guy not a geopolitical knowledge base:

The US is trying to move TSMC operations to US soil.

I'll copy and paste it again:

I will keep reposting my thoughts on what's going on.

Xi told Biden that China plans to invade Taiwan. This is an act of diplomacy, giving the US a chance to prevent this from triggering WWIII.

China wants Taiwan for a myriad of reasons, not the least of which is TSMC, coupled with the AI embargo the US has levied on China. China must invade Taiwan if they want to be relevant in the tech sector 10 years from now.

Suddenly, Intel, who was once competitive with TSMC and now relies on them entirely, is telling us that "we will be beyond TSMC by 2024" really? No one's buying it. Sounds like a publicity headline to satisfy military brass or some senators or something.

Now we're investing directly in domestic chip manufacturing.

I'm surprised it's not more cash tbh.

Update: it is more cash. A lot more.

The US is trying to effectively move TSMC operations to US soil, in some form or another.

[–] Shiggles 12 points 1 year ago (1 children)

We’re just ignoring that a key part of taiwanese defense planning is self destructing the chip plants in the event of an invasion?

[–] [email protected] 7 points 1 year ago

No I'm more focusing on the tensions surrounding those chip plants. And how were doing everything we can to prevent the destruction of those chip plants from affecting Google, Amazon, Meta, Military operations, etc.

I think it's the epicenter of a potential trigger point for God damn ww3, especially given the current state of geopolitical tensions.

I only bring it all up when I see news that continues to confirm that it appears this is the direction it's moving.

Y'all seen the tensions flaring in the South China sea? Shit is heating up.

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