Nvidia is cozying up to China with Shanghai R&D lab plans, Senators cry Nvidia is reportedly planning to open a new research and development facility in Shanghai, China, drawing sharp criticism from a pair of US lawmakers. Senator Elizabeth Warren (D-MA) and Senator Jim Banks (R-IN) sent a letter [PDF] to Nvidia CEO Jensen Huang expressing concern that the planned facility could support China's …
NVidia has no choice but to deal with the Drumpf Regime, and it costs them far more pride and loss-of-face to do so than to deal with China! At least China honours their deals instead of tearing them up the second time they're elected like Drumpf did the free trade agreements with Canada and Mexico that HE SIGNED on his last go round at office! :o
… and India. See IBM. Don’t forget Service Economy too.
(and Mexico, Bangladesh, Indonesia, Vietnam, Philippines, Turkey, Ireland, Thailand, Taiwan, … with UAE, Qatar, Saudi Arabia, Cambodia, Laos, North Korea, Gaza, Sudan and Yemen soon to follow).
Corporate America (and Europe/Canada) fucked the US, nit China/Taiwan. They were just (gleefully) open for business. See Tim Cook/Apple and the $Tn dollar I-stuff hi-Tech manufacturing ecosystem they built over 30 years. By choice.
Corporations will go to the limit of the law to make money and if vague will challenge it to esnure their competitors have a level playing field. So the answer is obvious, the law must be clear and well written. Then corporations can make their decisions. Nvidia is free to move outside of the US but may then suffer import bans or tariffs. I just want laws made for the best interests of the majority of citizens not the few.
may then suffer import bans or tariffs
They already suffered bans/tariffs while based in the US...
The reasons you might want such companies based in your country include collecting taxes on their revenues, the employment they provide and ownership of critical technologies. However, if the government doesn't want to effectively tax them, doesn't like the employment they offer (no jobs putting tiny screws into iPhones) and is hostile to science and research (because it's woke and elitist) you have to wonder why the US government would care where hi-tech businesses were based.
> you have to wonder why the US government would care where hi-tech businesses were based.
Spoilt toddler syndrome: I don’t want to play, therefore you can not play without me.
Seen this where toddler will deliberately sabotage what others are doing, just because they don’t want the other kids to play without them, even though the toddler has no idea of what they actually want to do.
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