I’m still wondering if Trump had an important reason for doing this.
FYI, the Swiss National Bank is a huge shareholder of Apple.
The Norwegian Sovereign Wealth Fund is a huge shareholder of Nestles.
Did you all really think capitalism is what solved the 2009 crisis? The Fed’s printing of Trillions? Does that look like capitalism?
Oh, and BTW, the Fed can now buy corporate bonds, by the Trillions. That means government lends money to companies with which to operate.
Look, when a system is teetering, the source of infinite money is the only answer — because Capitalism has already failed.
While you’re wondering you might as well put money down, betting that he does.
The dude whistles Dixie less than any other world leader in recent history.
If I had to make a guess without knowing all the details, on the surface I would think Sanders wanted it from a Socialistic perspective.
Trump likely did this from a strictly strategic perspective.
Granted, we can build up the chip industry in this country over time, but in the short term, if we were to go to war tomorrow, given how chip dependent arms are today, we could not manufacture armaments. Plain and simple.
Currently, once we expend our stockpiles, we will be forced to use less effective and even obsolete weaponry, and in a peer conflict, our foes will not face the same handicap which will be disastrous.
I see this as a bridge, not a future plan.
I do fully understand the resistance against this action by Trump, and for good reasons to be sure, but we are in a serious and most precarious state that most Americans are insensible to.
Everything from the car industry to weapons, we are dependent on microchips. If the car industry cannot manufacture cars due to a chip shortage or embargo, we are going to see economic reverberations throughout the economy.
If we can’t make armaments, we will face ruin.
My take is Trump is acting as a businessman. Biden and congress gifted tech manufacturers $280B. Trump is asking "What does the government get for this investment"? For decades, we have been doing the same with the pharmaceutical industry, spending, massive amounts on research and getting minimal or no ownership of IP, then the pharma industry bends us over and charges the US more for those same drugs than anywhere else in the world. But government employees like Anthony Fauci end up making millions?
I'm not saying I'm 100% comfortable with this move, but the grift has to stop. If we the tax payers are going to invest huge sums, we need to ensure we get a return on that investment, and it's not just a gift to the rich. Or don't invest, and just make America a better place to manufacture.
Intel apparently is the only major chipmaker that makes computer chips in the USA
Advanced tech chips are about as strategic as it gets - both militarily and economically.
These days even a lowly home PC connected online can cause a lot of damage and mission critical electionsic in infrastructure and defense are very susceptible to malware hard coded into the art work on advanced chip sets.
This silicone level malware is all but impossible to detect given today's ultra high multi level, fine scale circuit densities. Having a ownership interest give the government the standing to supervise, veritfy and check the production of mission critical chips.
A lot of people in the defense electronics are very nervous about what is going to work and not work in the next big conflict with major cyber warfare events.