Economy US to take 10% equity stake in Intel; more to follow

Should the US government be acquiring shares of private companies

  • Total voters
    53
  • Poll closed .
Lead said:
Ah, got it. I wasn’t really a fan of the bill initially and it hasnt seemed to accomplish the intended goal. I remember seeing some analysis like what you’re saying in order to truly break into the industry and it was massive with little additional market share. I’m not that close to the details of it though. I still don’t see the need for partial ownership though.
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Yeah, the CHIPS Act was a good step, but it's still far less than what it would take to develop and build fabs in the US. Fabs are only profitable when amortized over decades, they lose money for the first several years of production.

I'm not opposed to the US having a stake because as I mentioned, there's really no reason to go to Intel atm while TSMC Arizona is running. But I do share teh concern that the stake will be on behalf of an incompetent adminstration, to say the least.
 
Lead said:
@avenue94
Private investment has been larger. Is that significant or had to gauge as there aren’t necessarily guaranteed commitments to actually make the investments?
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What do you mean by private investments?
 
I'm sure this is about nothing more than Trump and his cronies enriching themselves, but I'm not against asset expropriation in general. Granted, instead of shares of corporations, I'd rather they go after homes being hoarded by companies like Blackrock
 
avenue94 said:
What do you mean by private investments?
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Searching for this stuff is difficult but something like this:
“Early returns of the Act are promising, to say the least. Since implementation, over 80 semiconductor projects have been announced across 25 states, amounting to an estimated $450 billion of private sector investment (Brown). Most recently, TSMC announced an additional $100 billion investment spread over three new US-based plants. Considering the initial $52 billion investment, the Act has been incredibly successful at reeling in foreign investment into the US semiconductor industry.”
 
Privatize is all! This is where we are.

Americans are getting F'd in the A so hard. Ground fucking beef is $6.99lb. I got a sale on some chuck for $5.99lb and trimmed it nice, cut it up and made a stew. 10 years ago you could get chuck for $2.99.

This may derail a bit, but I was watching a street food video yesterday from Pakistan. The lady running it scooted up on a nice electric full-size scooter. I had to look up the model and all that. It has a range of 120km and a top speed of around 30MPH. It cost the equivalent of $600 American. That would cost $2000 easy here. We are overpaying for everything. Drugs, meat, insurance, fucking scooters.

They will charge what we are willing to pay. We have a whole generation that thinks spending $50 to get some Big Mac's delivered makes sense. Rant over.
 
All strategic industries should be nationalized to some extent. How far you want to go depends on how communist you are.
 
Only Here for Attachments said:
Maybe that fab in Ohio will actually be operation in the early 2030's?
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I'm still waiting for that $10 billion Foxconn plant in Wisconsin that Trump broke ground on in 2017.
Construction should start any day now.

NDBfNDgwLmpwZw




Biden lauds new Microsoft center on the same site where Trump’s Foxconn project failed​

​

 
Crazy Source said:
This isn't what a government is supposed to do. This isn't an investment group.
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The market doesn't want US foundries, so it's either the government directly gets involed or it strong arms tech, because it's really only the US that wants leading edge fabs in the country.
Lead said:
Searching for this stuff is difficult but something like this:
“Early returns of the Act are promising, to say the least. Since implementation, over 80 semiconductor projects have been announced across 25 states, amounting to an estimated $450 billion of private sector investment (Brown). Most recently, TSMC announced an additional $100 billion investment spread over three new US-based plants. Considering the initial $52 billion investment, the Act has been incredibly successful at reeling in foreign investment into the US semiconductor industry.”
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Some would be Intel, a lot would be older fabs and the ecosystem around chips because the US hasn't done leading edge production in a long time.

Think of it as creating an entire industry, not just fabs. A lot of new chips are chiplet designs and require additional packaging. So some of TSMC's chips are produced in Arizona (wafers come from out of the country), then those chips are transported to Asia for packaging (combining components of a chip together), then they would come back into the US for customers.
 
Crazy Source said:
Privatize is all! This is where we are.

Americans are getting F'd in the A so hard. Ground fucking beef is $6.99lb. I got a sale on some chuck for $5.99lb and trimmed it nice, cut it up and made a stew. 10 years ago you could get chuck for $2.99.

This may derail a bit, but I was watching a street food video yesterday from Pakistan. The lady running it scooted up on a nice electric full-size scooter. I had to look up the model and all that. It has a range of 120km and a top speed of around 30MPH. It cost the equivalent of $600 American. That would cost $2000 easy here. We are overpaying for everything. Drugs, meat, insurance, fucking scooters.

They will charge what we are willing to pay. We have a whole generation that thinks spending $50 to get some Big Mac's delivered makes sense. Rant over.
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That particular problem comes down to effectively America is too rich to have labor that can produce beef or electric scooters at the prices you want. I'd wager electric scooters have actually never been made in the US at that price, it's pretty much a wholesale foreign industry.
 
aerius said:
All strategic industries should be nationalized to some extent. How far you want to go depends on how communist you are.
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Between government grants and funding and/or bailouts, the US is already there to an extent. Except rather than nationalized, it is globalized because of the nature of these global companies, along with the US funding everything everywhere.

So I am happy to have us buy some stake in these companies, similar to a sovereign wealth fund that many countries have, along with trying to reshore.

The MAGA movement is about nationalization over globalization. Stick it to these globalized companies, in bed with the CCP, and selling the US out.
 
cottagecheesefan said:
Between government grants and funding and/or bailouts, the US is already there to an extent. Except rather than nationalized, it is globalized because of the nature of these global companies, along with the US funding everything everywhere.

So I am happy to have us buy some stake in these companies, similar to a sovereign wealth fund that many countries have, along with trying to reshore.

The MAGA movement is about nationalization over globalization. Stick it to these globalized companies, in bed with the CCP, and selling the US out.
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My groceries are killing me. Everything I am buying now is marked up. Home Depot announced price increases because of tariffs. I live in a tourist town where rental repairs and cutting grass are what locals do to pay their nut. Home Dept at 8am on a weekday is crazy with trucks rolling up and getting lumber. Nationalize my balls, idiot. This is about distributing wealth upwards. This is turbo trickle-down.
 
man, listening to the videogame forum here you'd think intel is already out of business
 
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