“The conservative approach is leave it alone. Let companies succeed and fail on their own merit.”
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So do nothing.
Well, there’s a ton we can do. We’re in a serious predicament and some, including myself, believe we have a national security emergency regarding chipmaking.
We need to develop talent/skill here in chipmaking and we need it yesterday. Taiwan and China, aren’t they just a bit too close to the same for us to put our trust in Taiwan much longer?
We need to invest massive amounts of effort and money in research and development, education, regulation reduction, intellectual property governance, national security guidelines, domestic supply chain creation and management, etc. Some of that is not going to look very conservative in the beginning, since it is an emergency. Once established and functioning, we could be be leaders in chip development and production in the world. We have to catch up to and surpass our enemies.
There’s always lots that CAN be done. But rarely SHOULD any of it be done.
If you want to develop chip making here then stop protecting the company that’s fallen behind. All that does is make it harder for a new company to show up. This actually impedes sinking money and effort into R&D because now investors would be silly to invest in competition against Intel.
And let’s keep in mind Intel’s biggest competition is AMD, headquartered in Santa Clara with major production in Austin. If you want to fluff a company to keep America competitive THAT’S the company to fluff. They’re American and they’re better.