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cwesttheperson t1_jae2y02 wrote

Reply to comment by [deleted] in The U.S. needs more than the CHIPS Act to stay ahead of China: MIT report by Vailhem

It for sure is to an extent. But it’s not a bad thing either. The amount of control China has with chips if they try to just take over Taiwan is very threatening. Crippled with Chinas significantly decreasing population projects it puts us in a very bad spot in the coming decades should we not be reliant. I think it’s not just MIC but an all hands on deck scenario.

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[deleted] t1_jae97tf wrote

It can lead to a lose-lose situation where the choice is either massive subsidy for a resource which never returns the investment, or just giving up the industry to a foreign power.

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allenout t1_jae9yza wrote

It's worth mentioning, this industry is incredibly profitable

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