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May 12 2021 06:40am
These companies outsourced chip/wafer production for decades for extra profit margin. Them asking for $$ to re-insource is comical. I would not care, but it's always the tax payer sharing the burden' while the company hordes the profit.
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May 12 2021 09:24am
Quote (ofthevoid @ May 11 2021 06:32pm)
https://finance.yahoo.com/news/tech-giants-join-call-funding-091223444.html

Just in case you were wondering.

Apple ltm profits: 76 billion
Microsoft: 56 billion
Amazon: 27 billion
Google: 51 billion
Intel: 18 billion

Biden is asking congress to give 50b dollars in subsidies to these companies. Now it's starting to make sense why big tech donated to his campaign, I just didn't think it would be this brazen.


Do some actual research and see what all this affects mate. Alot of those companies have been losing profits also but so have others including the auto industry and its affecting the world.

Its something that needs to be done
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May 12 2021 09:42am
Quote (thundercock @ 12 May 2021 07:13)
To me, this is a national security issue. We should have SOME manufacturing here that isn't dependent on countries so close to China.


Agreed. But if semiconductor production capabilities are a matter of national security, shouldnt the corresponding company be nationalized? Do we really want shitlords like Google or Amazon controlling this crucial resource?

So the way I would do it is create a state-controlled and funded company that produces these semiconductors, and Big Tech companies are invited to buy into this national semiconductor company, but with the DoD always holding 25%+1 of its stocks.

This post was edited by Black XistenZ on May 12 2021 09:43am
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May 12 2021 10:50am
Quote (thundercock @ May 12 2021 01:13am)
To me, this is a national security issue. We should have SOME manufacturing here that isn't dependent on countries so close to China.


Fair point but the government should then take a cut or expect cheaper products to domestic markets versus globally, but we know that won't happen.

Just as a side note. Energy is also of national security and we see how this administration has really been fumbling in this sphere. In their desire to appease the left, they killed off supply i.e. keystone stoppage, heightened regulations, proposed various types of carbon taxes, and so on.

Now we see how one event is impacting one part of the country and in reality with gas shortages, these moves hurt the lower and middle classes exponentially more versus the rich.

To me, it's these industries that need the most help or subsidy to become cleaner or whatever, not the industry that has been the dominant winner for the last 10 years.

Quote (Metalwise4u @ May 12 2021 11:24am)
Do some actual research and see what all this affects mate. Alot of those companies have been losing profits also but so have others including the auto industry and its affecting the world.

Its something that needs to be done


I've done the research, they are losing profits but they are still making tens of billions of dollars per year. It's not the taxpayers role to come in and pay just so Apple can maximize their profits.

All of these companies have double-digit margins and stock prices that are up like 300% in the last 5 years. Enlighten me on what research you've done that you think these companies shouldn't be responsible for putting their money to solve this when they are the main beneficiaries.

It is their responsibility to source inputs for their products and be responsible enough to make long-term investments to secure the supply chain.

This post was edited by ofthevoid on May 12 2021 10:53am
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May 12 2021 10:59am
Quote (ofthevoid @ May 12 2021 11:50am)
Fair point but the government should then take a cut or expect cheaper products to domestic markets versus globally, but we know that won't happen.



Sounds like a rare case where Left Right and Center can agree
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May 12 2021 11:10am
we should stop this, then take away all farming subsidies that dont have conservation or disaster relief in play.
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May 12 2021 11:39am
Quote (Black XistenZ @ May 12 2021 10:42am)
Agreed. But if semiconductor production capabilities are a matter of national security, shouldnt the corresponding company be nationalized? Do we really want shitlords like Google or Amazon controlling this crucial resource?

So the way I would do it is create a state-controlled and funded company that produces these semiconductors, and Big Tech companies are invited to buy into this national semiconductor company, but with the DoD always holding 25%+1 of its stocks.


We can leave it private and give subsidies in exchange for an ownership option agreement And NDAA privileges to force them to stay in business on US soil

This post was edited by Thor123422 on May 12 2021 11:39am
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