Conversation

Notices

1. Aether (aether@poa.st)'s status on Tuesday, 20-Feb-2024 20:34:24 JST Aether
   Global Foundries is set to receive $1.5 billion in government funds under the CHIPS Act, and another $600 million from New York state in one form or another.
   
   tomshardware.com/tech-industry/manufacturing/globalfoundries-gets-15-billion-from-chips-fund-dollar600-million-from-ny-state
   
   Global Foundries was originally the manufacturing arm of AMD, and was then spun off as a separate company, acquired the semiconductor operations of AMD, and was bought by the UAE, not necessarily in that order.
   
   The company is planning to invest $12 billion over the next decade, mostly on specialised production like gallium nitride and expanding bulk processes on 12nm.
   
   Is this money well spent? Probably not; if it were, Global Foundries wouldn't need the money. Is it money better spent than almost anything the US federal government does? Maybe.
   • New Janny in Town likes this.
   • Kenny Blankenship repeated this.
   • d (deprecated_ii@poa.st)'s status on Tuesday, 20-Feb-2024 22:29:56 JST d

     in reply to
     @Aether every country should be subsidizing strategically important industries on their own soil
     
     but they should also be *extremely* careful who they let run such things, and nail said people to the wall (literally) when they start fucking around, skimming money, shirking their duty, etc
     
     of course we're not doing that second part. this will just be another giant grift for insiders to get rich off of
     Kenny Blankenship likes this.
   • Aether (aether@poa.st)'s status on Tuesday, 20-Feb-2024 23:33:38 JST Aether

     in reply to

     • d
     @deprecated_ii When it comes to strategic resources like Chips, pretty much every country needs a localised manufacturer. Trouble is that Globo Homo is against any such thought
   • Marakus (marakus@poa.st)'s status on Tuesday, 20-Feb-2024 23:33:39 JST Marakus

     in reply to

     • d
     @Aether @deprecated_ii Chips manufacturing require long supply chain. Even finding non-smocking personal might be too much for some countries, never mind reliable supply of pure silicone wafers.