and more:
“..The US share of world semiconductor manufacturing has shrunk from an absolute monopoly in the 1960s to just 12% today, and only in mature nodes. President Joe Biden proposed and the US Senate passed a $52 billion subsidy for US semiconductor manufacturing.
But as Alan Patterson observed in a December 7 opinion piece for EE Times, a US electronics industry magazine published in the US, companies like Intel, IBM, Microsoft and Google who have lobbied for these subsidies spend money to buy back their stock rather than invest in chip-making...”
“... who have lobbied for these subsidies spend money to buy back their stock rather than invest in chip-making...”
granting subsidies without conditions is gross negligence. I read several months ago (maybe on FR) about a large company that took their pandemic PPP money and gave it all away on staff bonuses.
Simple. A 20% tariff on all imported electronics and electronic components. That was easy.