Comments by "DailyBeatings" (@DailyBeatings) on "Intel, TSMC agree: CHIPS Act needs more subsidies to cover losses. The engineering supply problem." video.

When China is on par with other semiconductor manufacturers, which is only a matter of time, China will also use subsidies and their cost will be 50% of the US subsidized price...🤣
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@hclau218 There's nothing wrong with subsidizing nascent technologies to promote certain industries for economic growth, environmental concerns, or even self-reliance. The problem with the US is that they're giving subsidies to mature profitable companies to move production to the US, which completely distorts the semiconductor market.
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@hclau218 China already subsidized the semiconductor industry from a 1.2 trillion technology budget allocation over the next 10 years. This information is readily available from the Chinese government. They're called government guidance funds [政府引导基金]. I've engaged my brain...🤣
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