A cool thing about building foundries to make microchips is it takes like a decade for the factory to be built and then actually break even.
And pretty much as soon as it breaks even, it is already in need of expensive and lengthy overhauling.
Taiwan makes half of the world's semiconductors.
And pretty much as soon as it breaks even, it is already in need of expensive and lengthy overhauling.
Taiwan makes half of the world's semiconductors.
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He says a lot of things, beautiful things, the most things, things you wouldn't believe, they come to me with tears in their eyes, asking me about those things, those beautiful things he says
It announced the plant's construction in 2016, actually started volume production in 2023. Might not break even this decade.
18 foundries were planned to begin construction in the US this year, pretty much none would (if actually built) break even til 2035 or so.
Concrete, PTFE for the ultra pure water, the materials to make that ultra pure water, copper, etc. $10-20 billion worth of stuff that pretty much all suddenly costs a shit ton more than it did last week.
Cost goes up, time to break even increases, the foundry is now already obsolete before it even starts making a profit, etc.
Or, build it literally anywhere else instead, cheaper and faster.
Oops, suddenly all DOGE.
Absolutely makes no sense.
But he’s like, almost acting like a deeply incompetent left accelerationist.
and as we all know, ameriga is incapable of such forward-thinking, long-term investments. both by the inherent nature of capitalism and the rancid, sclerotic decrepitude of those in power
nice. nice. very nice.
Size right or die.
Schumpeterian pressure also applies.
It's tough to stay on top.