back to article Senate edges US chip world closer to $50b subsidies

The US Senate this week advanced the America COMPETES Act by a bipartisan 68-28 vote, moving more than $50 billion in semiconductor industry funding closer to President Biden's desk.  The America Creating Opportunities for Manufacturing, Pre-Eminence in Technology, and Economic Strength (COMPETES) Act of 2022 mainly focuses on …

  1. Doctor Syntax Silver badge

    Remind me what's the US attitude to alleged subsidies by other countries to their own industries?

    1. VoiceOfTruth Silver badge

      You don't understand the Übermensch mentality of the USA. If they do it, it's fine. If you do it, it's not.

      1. Snake Silver badge


        So they do it AFTER everyone else does, and yet still get dumped on for simply playing the game of "Pragmatic catch-up"?

    2. Yet Another Anonymous coward Silver badge

      "National Defense Authorization Act" - that's how you know it's not socialism

      If it was just giving tax-payer money to big corporations that would be socialism (unless it's farmers) but this is defense funding so it's capitalism

  2. Pascal Monett Silver badge

    Hang on a minute

    There are elements that are favorable to China ?

    How does that compute ?

  3. amanfromMars 1 Silver badge

    Memo to No10 & Old Lady of Threadneedle Street ..... No Guts, No Glory ........ J’accuse!

    Sounds far too much like another vitally needed round of Quantitative Easing [QE] in an era in which practically all of the talk from the Fed is threatening Quantitative Tightening [QT]

    However ..... It can be the New More Orderly World Order Way, not too dissimilar to the earlier Wild Wacky Western American Way, which the Bank of England and Blighty, [whoever he/she/it/they may be], would do well to imitate if they don’t want vital and vibrant, virile and viral talent sharing their wares with that and those who know how Great IntelAIgent Games are successfully played ...... Throw £illion$ at that which and those who know what needs to be done and to/for whom, and how it is to be effortlessly provided.

    That, however, is more likely than not to prove a colossal bridge and almighty quantum leap too far for that and those in present failed UK command and control office. Teams of donkeys masquerading as prides of lions will never deliver requisite feasts and succour to attendant camp follower, parasite and scavenger.

    1. codejunky Silver badge

      Re: Memo to No10 & Old Lady of Threadneedle Street ..... No Guts, No Glory ........ J’accuse!

      @amanfromMars 1

      "Sounds far too much like another vitally needed round of Quantitative Easing [QE]"

      Why is it vitally needed? We are being hit with inflation from the oversupply of money and supply shocks from China, Russia and Ukraine. We are about to suffer the effects that come from vastly pumping money while buggering up the economy (covid and the reaction to covid).

    2. amanfromMars 1 Silver badge

      Novel NEUKlearer HyperRadioProACTive IT Leadership Undoubtedly Needed .... *

      And all the current evidence presented and not confirmed to be fundamentally honest, being in that case just simply politically inept and incorrect fake news ...... fake news that is virtually/practically impossible to not realise is practically/virtually in everything, everywhere and specifically cynically designed to alter and manipulate certain versions of reality being presented by mainstream media mogul teams as the default de facto tall tale to accept and follow in support of rapidly failing, intellectually bankrupt establishment/status quo bigger picture shows ....... continually highlights and exacerbates one increasingly more obvious inescapable fact about exclusive executive status quo administration systems programmers/leaders in the thrall of, and at the helm of SCADA [Supervisory Control, Analysis and Data Acquisition] levers which can and therefore will be mercilessly/mercifully relentlessly exploited and expanded upon by that and those who know how both Great and Greater IntelAIgent Games are successfully played ...... the Status Quo Establishment has totally lost both the Future Practical and Virtual Plot whilst it insists on supporting/creating and drivering investments squandering blood and treasure on the source and resourcing of increasingly expensive retailed pleasures either universally tempting or quite vital ...... for such is neither sustainable nor attractive and addictive, which is what the Future is much more all about

      * ..... I’m calling out MRDA on that post title, seeing as how it is certainly APT and appropriate.:-)

  4. mevets

    Free market ideology.

    Flexibility is the underpinning of the free market. The inherent flexibility to have public funds openly interfere with market forces is a next level freedom that is the envy of the world. The inability to pin down any rules on the free market is precisely why it always wins; it just redefines itself to the winning side and moves on.

  5. EnviableOne

    the era of american corporate capitalism is over

    just like the era of Empire was 100 years past, the USA will just have to deal with it being someone else's turn, probably better than the colonial powers have.

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