Tech giants join call for funding U.S. chip production
If the US tax payer gets a significant stake in the chip fab venture, I would be OK with this. We want to secure national security via chip manufacturing and you want billions of dollars? Give us some upside.I don't want to hear it creates jobs, it generates blah blah blah, a real equity stake and possibly repayment of the capital. Creating jobs should be a happy by-product of subsidizing an industry that is probably more well capitalized than any other in existence.According to (https://startupanz.com/5-tech-giants-hold-588b-cash-reserves...) Amazon, Apple, Google, and Microsoft had 526 billion dollars between the four of them in cash reserves. They have over half a TRILLION dollars in cash. If this were life or death, they could afford anything.But the calculus is offload risk onto the tax payer (despite being a shareholder directly in all those companies or indirectly via mutual funds/etfs), I don't want to be left holding the bag with no upside beyond the general sentiment of 'national security was secured' while private companies reap all the benefits.