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Follow us on FacebookChina-fighting US government investment in chips wipes value from chipmakers
@ 2022/10/13This was not such a good idea after all
While you might think that taking tax payers money away from poor people and giving it to rich chip makers might help build them up, it turns out that giving them too much cash has been a poisoned pill $240 Billion Stock Valuation on the deal.
For those who came in late, the US government thought that it would be a really good way to restrict China's military potential by denying access to government-controlled entities leading processor designs, chip development, and production capabilities. It has allocated billions of dollars to US chipmakers to make the companies set up shop in the US.
While you might think that taking tax payers money away from poor people and giving it to rich chip makers might help build them up, it turns out that giving them too much cash has been a poisoned pill $240 Billion Stock Valuation on the deal.
For those who came in late, the US government thought that it would be a really good way to restrict China's military potential by denying access to government-controlled entities leading processor designs, chip development, and production capabilities. It has allocated billions of dollars to US chipmakers to make the companies set up shop in the US.
