Uncle Sam lays out plans for $825M EUV R&D site in New York

The Biden administration on Thursday announced plans to invest $825 million in US CHIPS and Science Act funding to establish a semiconductor research and development center in Albany, New York. The facility, which will be operated as part of Natcast's National Semiconductor Technology Center (NSTC) and located at the NY Create …

[Anonymous Coward]

State-backed economy. State-sponsored enterprises.

[Yet Another Anonymous coward]

You can't expect shareholders to pay for all those redundancies reductions in headcount

[Anonymous Coward]

> State-backed economy. State-sponsored enterprises.

I've got myself confused - remind me, which chip-making country are we talking about?

[EricB123]

I sure hope China doesn't know about this.

[Anonymous Coward]

@AC - Wait a minute!

Where have I seen this before ? Oh, yes, China. So communism is a good example after all.

[IGotOut]

Remember....

...it's only state aid if other countries are doing it.

[amajadedcynicaloldfart]

Re: Remember....

@IGotOut

Silly you, they are called "illegal subsidies" when other counties do same.

Ask Boeing/Airbus

[Yorick Hunt]

$40 trillion debt is just around the corner.

[UnknownUnknown]

Much added in recent times by Trump’s debt fuelled tax cuts for the rich and corporations.

More in the way if inexplicably he gets back in after next weeks incomprehensible election.

I know the UK voted for Boris Johnson and Brexit … but they wouldn’t do it again.

‘Fool me once shame on you, fool me twice - shame on me.’

Fundamentally if you want good public services, affordable healthcare, great infrastructure, strong defences and lower debt around your neck *you need to pay more tax* not less … It’s as simple as that.

This applies to Joe Biden, Kamala Harris, Donald Trump, JD. Vance, Kier Starmer, Rachel Reeves, Emmanuel’ Macron etc …

[Anonymous Coward]

"Much added in recent times by Trump’s debt fuelled tax cuts for the rich and corporations."

Mostly added by the $2tn CARES act which came from various groups in the house and senate and NOT from Trump. His tax cuts did actually help normal people which is why people are so pissed off with the Harris-Biden admin.

Somehow the UK managed to end up with Labour in charge, despite them losing votes hand over fist, and now we have a budget that is going to hugely increase taxes AND borrowing.

[katrinab]

That is due to extreme levels of tactical voting to get the Tories out.

People knew that in some areas, if you voted Lib Dem, you would get Labour, whereas voting Labour would get you Tory; so voted Lib Dem.

Likewise, in other areas, voting Green would get you Labour, so they did that.

[Anonymous Coward]

Lib Dems lost votes too.

The tactical vote went to Reform and Green and huge numbers of Tory voters along with some Labour voters just stayed home.

[katrinab]

Yes, but won a *lot* more seats. In areas where voting Lib Dem would get you a Tory, they didn't vote Lib Dem. Again, tactical voting.

[isdnip]

Trump's tax cuts helped "normal" people like Elon Musk, Larry Ellison, and Jared Kushner. It did jack squat for people making less than $200k/year, but helped fuel inflation. Though to be sure the US had less inflation than the UK or most other major economies caused by the pandemic and resulting breakdown in the supply chain, too much of which came from China no thanks to Trump. And Trump is hawking bibles (!) that are printed in China.

[Anonymous Coward]

That really doesn't seem to be the case for average every day Americans. Powel, Yellen and co were desperate to make inflation appear a lot less than it was to ensure the dollar remained strong in its reserve status.

[UnknownUnknown]

And Ukraine War…!

Who know they made so much Sunflower Oil, Fertilizer. Wheat and everything else ….

[Anonymous Coward]

Good point, the Harris-Biden admin caused this too.

[Anonymous Coward]

On long term I think ASML is doomed.

They are forced to stop doing business with China, one of their biggest customers, while the US is building the capacity to produce their own EUV equipment.

It's good to be the king.

[Anonymous Coward]

Re: On long term I think ASML is doomed.

The US has tried making its own litho machines in the past and failed. They are decades behind the curve.

[UnknownUnknown]

Re: On long term I think ASML is doomed.

Canon joining the making chips market with advanced printing techniques is a welcome source of competition from a global tech heavyweight.

https://www.theregister.com/AMP/2024/10/01/canon_nanoimprint_lithography_machine/

I’m sure the ‘Ink’ cartridges won’t be cheap and will probably block compatibles !

[O'Reg Inalsin]

Clarify please

The Biden administration's decision to focus on EUV isn't surprising, but could be a boon for the Netherlands' ASML, which, as of 2024, remains the only supplier of EUV equipment. In fact, ASML could end up walking away with more than half the $825 million set aside for the project.

So ASML are going to participate in the project in NY? If so, that should be stated explicitly. Assuming that is the case, then my take is that ASML are being paid to contribute existing tech and expertise, which is more than fair. It ASML didn't participate, it would likely fail.

[Bebu sa Ware]

"shortage of skilled workers"

a shortage of skilled workers

Given the shabby treatment workers generally receive in the US (vide current short sighted layoffs in the tech sectors) this isn't likely to change. There are only so many actually skilled foreigners daft or greedy enough to relocate to the US and of those even fewer that would wish to be tarred with Trump's GAGA anti immigration brush. Hell! Not even South Koreans eat dogs these days.

I cannot imagine the local hicks signing up for massive college debts to eventually work in these precarious tech sectors when, without needing to exercise their retarded gray cells, they can earn oodles more as lawyers, medicos ir even as one of the depraved political opportunists perennially afflicting the US.

I suspect the midden of history is beckoning which is quite another manifest destiny.