The US CHIPS Act: Why Intel Supports It

[Bomby569]

Exactly, the Chinese are fabricating a product to meet a specific spec provided by the company that outsourced the fabrication to them. If they do not meet the specs then the company is not going to place the order with them. They can and do make very high end products when the spec and the budget allow, but at that point in most situations you may be losing any cost benefit of outsourcing in the first place.

And more, companies in the West know exactly the Chinese companies that cut corners, that work best or worst. You can even know, if you care to, how they treat their employees.
This is not new, maybe in the beggining, but now we are dealing with them for a long time.
They are making it, but we are pulling all the strings, we are completely in control.
I see a lot of blame shifting that should fall on us not them.

 

[ghazi]

I mean, I do agree. Just not interested in the domineering US chip manufacturer's press release about how they support subsidizing and strengthening US chip manufacturing... lol

 

[Deleted member 24505]

Go Intel /s

 

[Daven]

We all need to remember it was US corporations that shipped jobs overseas to the poorest, cheapest nations to enable higher profits for a select few. Any problems with stability and security rests solely with these corporations and I for one would be willing to go without many modern day conveniences and watch these corporations go out of business.

We need to start our economies anew with fresh ideas and new leadership.

 

[Dr_b_]

Let's not do offtopic, but things will not become better by isolating them, it will only get worst. It's my firm believe.

We might have to isolate them, do we keep trade going and normal relations when they invade Taiwan? Most likely there are those who think so, but that's the entire concern regarding the CHIPS Act. Governments are realizing, perhaps far too late, that its a national security issue and globalization is bad.

 

[TheEndIsNear]

We need to bring everything back here. The fact that our prescription drugs are made in China should be grounds for treason. Greed ruined this country. I should move back to Sicily lol.

 

[the54thvoid]

We need to bring everything back here. The fact that our prescription drugs are made in China should be grounds for treason. Greed ruined this country. I should move back to Sicily lol.

As much as that sentiment sounds so warm and cosy, it also means paying more for what people expect to be cheaper. The free-market, the bastion of governmental non-interventionism and corporate independence, is what created the flood of business to poorer countries to facilitate greater wealth for the shareholders of said western companies. This is the basis of modern-era Capitalism. As soon as you want to restrict the freedoms of the market, you move toward regulation and oversight by Government. This is why I find it laughable when people decry what has transpired with Chinese manufacturing when it is the very freedoms of the market that are protected in certain ideologies that led to this current situation. All of our current woes can be sourced to the market ideologies of the 1980's. Namely, the 'Laissez faire' approach to business adopted by certain figures in that era.

All that said, and as weird as this sounds--we should pay more for things that cost a lot of money (and resources) to produce. Luxuries aren't meant to be for everyone; it's why they're called 'luxury items'. You want them, you have to earn them. This is the world. It's always been this way.

 

[looniam]

As much as that sentiment sounds so warm and cosy, it also means paying more for what people expect to be cheaper. The free-market, the bastion of governmental non-interventionism and corporate independence, is what created the flood of business to poorer countries to facilitate greater wealth for the shareholders of said western companies. This is the basis of modern-era Capitalism. As soon as you want to restrict the freedoms of the market, you move toward regulation and oversight by Government. This is why I find it laughable when people decry what has transpired with Chinese manufacturing when it is the very freedoms of the market that are protected in certain ideologies that led to this current situation. All of our current woes can be sourced to the market ideologies of the 1980's. Namely, the 'Laissez faire' approach to business adopted by certain figures in that era.

All that said, and as weird as this sounds--we should pay more for things that cost a lot of money (and resources) to produce. Luxuries aren't meant to be for everyone; it's why they're called 'luxury items'. You want them, you have to earn them. This is the world. It's always been this way.

as someone who was there, yeah no.

china had not had an industrial revolution until the late 20th century - having the largest pool of (confined!) labor and vast, totally untapped, natural resources, they were destined to be a world power and dominate the global market. the looking at reagan era polices ignores nixon's a decade prior nor other administration' policies (esp trade) since both. i mean really? the whole global supply chain is because of ronnie's trickle down? that is rich. (psst that stops at our shores)

lets try the lack of regulations, lack of human rights and lack of environmental concerns in a totalitarian government then a greedy capitalist republic buddy?

 

[ThrashZone]

Hi,
If you look at it another way
The worlds leaders years ago exploited China for it's cheap labor
Now that has come full circle and bit everyone in the backside and everyone acts surprised

 

[TheinsanegamerN]

As much as that sentiment sounds so warm and cosy, it also means paying more for what people expect to be cheaper.

*looks at gas prices*
*looks at supermarket prices*
*looks at appliance prices*
*looks at car prices*
*looks at GPU prices*

Yeah bud, keeping it in china is doing a LOT to keep prices under control. Yessiree, its not like the price of everything has gone to the moon regardless of manufacturing location.

 

[boidsonly]

The Tech Sector with their hands out; no matter they made record profits. Any progress made in establishing or increasing chip production here in the US will be run right back off shore courtesy of the unions. Any investment in TSMC is an investment in China in the long run. I predict Taiwan is not going to be an independent country much longer.

 

[Deleted member 24505]

Part of the problem imo is governments not really wanting to invest in making these product in the home countries, and the companies producing them not wanting to pay the cost of hiring home grown workforce.

All we have done is make china and taiwain richer and more powerful in consequence

 

[ThrashZone]

*looks at gas prices*
*looks at supermarket prices*
*looks at appliance prices*
*looks at car prices*
*looks at GPU prices*

Yeah bud, keeping it in china is doing a LOT to keep prices under control. Yessiree, its not like the price of everything has gone to the moon regardless of manufacturing location.

Hi,
Think you got the middle east mixed up in there which China has nothing to do with a couple of those price hikes
Unfriendly local oil and gas policies had done those
US was near oil/ gas independent until less than 2 years ago and poof that goes bye bye quickly Russia crap wouldn't of effected the US near as much except for imported goods.

 

[AlwaysHope]

Yeah except no one's disconnecting from China, not unless you're willing to pay $500 more for your iPhone or ~600USD more for that 3090Ti

Capitalism is great isn't it

They don't have capitalism in China, its authoritarian mercantilism.

 

[LabRat 891]

Wait... wasn't there a recent administration that also wanted to bring more semiconductor manufacturing to the US? Wasn't Intel amongst the parties to go to the white house to basically 'tell off' that administration?

edit: nope, nvm. Just echoing memories of media's twistings:
Intel says it will invest $7B in Arizona factory - CNET
Intel, TSMC Plan US 'Self-Sufficiency' In Semiconductors As Ongoing Crisis Gives Supply-Chain Scare (yahoo.com)