back to article Hey Joe, those US CHIPS funds still coming? We kinda need them, says Micron

Micron has advised investors that federal grants and other tax incentives are “necessary” for development of its already-announced chip fabs in Idaho and New York. The American chip maker on Monday produced a regulatory filing that informed investors it has therefore applied for funds under the CHIPS and Science Act, President …

  1. Pascal Monett Silver badge

    Subsidies are "necessary" ?

    So you're basically saying that your company does not have the funding required to do it alone ?

    Why should you get subsidies then ? You're already a multi-billion dollar business.

    Subsidies are made for small companies that need some help surviving bad times, or agriculture which simply cannot sell at cost because supermarkets are always pushing prices to the bare minimum to maximize their margins.

    Subsidies should literally be forbidden for companies that are over a billion dollars in capital.

    It's called capitalism. If you can't make it on your own, you don't make it.

    Well, that's the theory, anyway. In practice, it depends a lot on who you know, and who you can put pressure on . . .

    In any case, funnily enough, I never hear complaints about government intervention when it's question of handouts.

    1. Tron Silver badge

      Re: Subsidies are "necessary" ?

      It's not capitalism. It's nationalism. Nationalism is way more expensive. You have to replicate tonnes of stuff that would never be viable in a free market. Assuming you have the [migrant] labour to build it, staff it, and resource it. The US are trying to replicate the Chinese model of state funding, allowing them to control access to tech at all levels. That costs enormous amounts more than the capitalist system, where everyone grabs a bit of turf according to what they are best at, or what local resources they have to sell. Nationalist economics is almost the opposite of capitalism. It works best for short periods under dictatorships (China and South Korea modernised doing it). It doesn't work well in functioning consumer economies.

      Are the Taliban 100% on side with this? Most of them hate the Chinese as much as the Democrats, but will Trump, DeSantis or [Insert random nut] pull the cash and funnel it into stuff they are more chummy with? Maybe the opportunity of pinching tech manufacturing from their EU and Asian competitors, er, allies, will be enough of a bonus to keep writing the cheques.

      It's not just SK. Japan may have problems too, unless they can wangle an opt out on the sly. This usually happens, but Washington might not permit it this time. Cutting Japan off from China wouldn't be as bad as Brexit, but it would sting, economically.

      Given climate change, none of this may be relevant in 20 years time. We may be better off spending the last of the magic billions building resilient infrastructure. What's the use of 6G if it's 50 degrees outside and the wild fires are getting closer?

      1. Anonymous Coward
        Anonymous Coward

        Re: Subsidies are "necessary" ?

        Its not nationalism, its protectionism and cronyism. Exactly what Trump was much derided for.

    2. ecofeco Silver badge

      Re: Subsidies are "necessary" ?

      Beat me to it.

      Bootstraps for thee but socialism for wealthy me.

  2. Anonymous Coward
    Anonymous Coward

    Brandon strikes again

    So between the grants and the ban it is a wash for Micron. Old lunch bucket Joe knows how to throw our money down the drain. It seems the only thing he really ended up doing was to fund his reelection with it.

    This act makes no sense. It's tantamount to tax rebates on getting an efficient furnace or AC. Why would I spend $10000 for new furnace just to get $500 in a rebate when I can spend $5000 instead and save more in the long run.

    1. Anonymous Coward
      Anonymous Coward

      Re: Brandon strikes again

      It is all part of the huge DC money-go-round. It makes the economy look better on paper so all the partisan journos can bleat on about how good the economy is (assuming you are rich) and that it is all Brandon's doing. Cos, you know, the thing!

      How long did he spend in Hawaii before he fell asleep and was whisked off for another holiday?

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Other stories you might like