Assuming due to Intel's stock debacle, there will be a significant spotlight on CHIPS subsidy receivers. I understand it takes a very long time to get things going for large manufacturing changes, but I'm curious how things are going timeline wise.
It would be cool to have large high-tech manufacturing industry back in NA, but on the other hand, it's hard for me to grasp the economics behind it. My understanding was due to minimum wage laws, high prices, non-existent infrastructure and etc., it wouldn't be profitable to sell them outside of US (and that's why it was offshored, along with the Japanese/Taiwanese companies just being better quality wise). Why would a North American, European or Asian company that design hardware buy these chips when they'll always be more expensive than anything that's built overseas?
Also the jobs are fairly specialized, unlike Amazon warehouse jobs, where you can make $20/hr. So not sure how attractive the positions are for the local talent. I guess, if the governments continuously subsidized it, it would make sense. But it's not like agriculture industry, where one could make the "food security" argument.
Sadly, the rest of the world matters very little, the USA has the consumers that buy more than anyone else, the largest tech companies that will use the chips more than anyone else. If they want access to the best market in the universe, then they need to play our game on equal footing. They can't just keep externalizing costs without remorse.
It would be cool to have large high-tech manufacturing industry back in NA, but on the other hand, it's hard for me to grasp the economics behind it. My understanding was due to minimum wage laws, high prices, non-existent infrastructure and etc., it wouldn't be profitable to sell them outside of US (and that's why it was offshored, along with the Japanese/Taiwanese companies just being better quality wise). Why would a North American, European or Asian company that design hardware buy these chips when they'll always be more expensive than anything that's built overseas?
Also the jobs are fairly specialized, unlike Amazon warehouse jobs, where you can make $20/hr. So not sure how attractive the positions are for the local talent. I guess, if the governments continuously subsidized it, it would make sense. But it's not like agriculture industry, where one could make the "food security" argument.