Intel's Stunning Troubles Underscore The Folly Of Government Welfare For Corporations (youtube.com)
#Politics
Chips and Science Act, passed among fears of Chinese competition. As all government naming, political and often opposite (propaganda) rather than descriptive. ‘The US industry is not lacking for capital. The US has the deepest, most sophisticated capital markets.’ Biggest beneficiary of the act was Intel ($8.5b in grants and $11b in loans), which had been the cutting edge leader of tech, and is now ‘scrambling to catch up.’ TSMC reportedly almost didn't take government money for the Ariz facility because it means giving government control over activities. 'Business welfare.'
Apple might buy DDG or Brave and make it their own search engine. Hopefully not, because we already don't have enough competition and options in services, and also because I don't want to have to stop using Brave. Apple has its own crawler.