Trump launches 'Manhattan Project' as one of America's largest companies set to be nationalized

UK Daily Mail ^ | 08/16/2025 | LAUREN ACTON-TAYLOR

[9YearLurker]

Too much fascism for me. I hate “public-private” partnerships.

[faithhopecharity]

Many government “companies” perform quite poorly.

[Hildy]

Not sure I like This

[darth]

While I am generally skeptical of such industrial policy initiatives, the AI race is military.

We cannot allow our enemies to get this technology before we are likewise armed.

[CedarDave]

Many government “companies” perform quite poorly.

e.g. Amtrak

[rottweiller_inc]

“Too much fascism for me. I hate “public-private” partnerships.”

Yup. His BBB gives a bunch of taxpayer money to the most cash flush sector in the USA, big tech.

[caltaxed]

And major govt. contractors such as Boeing.

[Jane Long]

Thank you.

[Dr. Sivana]

Too much fascism for me. I hate “public-private” partnerships.

Often gives you the worst of both worlds. Why not let nVidia supplant Intel, or let Intel recede into server chips and legacy machinery. Motorola and IBM receded from being big chip players.

I work for a smaller U. S. chip manufacturer with overseas foundries as well. We aren't getting those kinds of subsidies. Bonuses and raises were cancelled, and there have been two roounds of layoffs. Nature of the business.

[maro]

I hope that the money is buying convertible preferred stock the way that Buffett does it.

[kaktuskid]

Five percent is hardly nationalization. We subsidize Boeing as it is. Meanwhile the PRC government owns most of their auto industry, and the EU has stakes in Airbus.

[Dr. Sivana]

We cannot allow our enemies to get this technology before we are likewise armed.

nVidia is WAY ahead of Intel, has plenty of private funding, and is U.S. based.

Intel is turning into the McDonnell-Douglas of chips. I see this as someone who always bought Intel (for the chipsets, not the chips) for my own personal and professional purchases. (outside of Mac)

[Antoninus]

It’s the Daily Mail, so assume that only about 30% of the article is factual.

[SpaceBar]

Too much fascism for me.

Agreed. Private industry and the competition that implies built this country, not 'the government'.

[CapandBall]

TSCM has committed an additional $165 Billion for several more massive fabrication facilities in Phoenix Arizona, to avoid Trumps tariffs. They opened a $12 Billion facility there in 2020.

I am long on TSM:NYSE (Taiwan Semiconductor Mfg Ltd)

https://www.azcentral.com/story/opinion/op-ed/philboas/2025/03/12/taiwan-chip-manufacturer-big-bet-in-arizona-opinion/82282247007/

[Vermont Lt]

Nationalizing companies. Picking winners in the corporate world.

There is a name for that.

I forget what it is at the moment.

[Governor Dinwiddie]

State of the art fabrication plants are crazy expensive. Angstrom scale chips are the future. Why not let Intel and others deduct 100% on investment in state of the art fabs?

[SpaceBar]

Also, co-opting ‘Manhattan Project’ for subsidizing an industry does a great disservice to the Herculean effort eighty years ago to complete a single wartime project (a weapon), not prop up some flailing industrial sector during peacetime.

[USA-FRANCE]

“We cannot allow our enemies to get this technology before we are likewise armed.”

>>>>>>>>>>>>>>><

Well... to make things even worse... : the White House just authorized Nvidia and AMD to sell AI chips to China for a 15 percent share of the revenue. After Nvidia’s CEO met with Trump in August, they got export licenses days later.
It feels like we’re selling out our tech advantage for a quick buck — about $2 billion from Nvidia’s $15 billion and AMD’s $800 million in sales. These chips will help China build smarter weapons and surveillance systems, which directly compromises America’s security. This is a true national security problem, a dangerous move. We’re treating critical technology like a bargaining chip when we should be protecting our lead in AI. This deal really needs to be stopped.
Why are we helping China’s CCP ?

Communism must be fought, not nourished.