Ohio building out delayed. The CHIPs act is under threat.
All this garbage and no industrial policy.
This issue was aired here a few weeks ago. Seems to be a violation of corporate property rights.
Steve
Context? I am not sure how that is applied.
From the article Trump has been pressuring TSMC to take over and manage Intel’s plants. I don’t think it is appropriate for a POTUS to publicly lean on a company to sell out, or be taken over, because it is a violation of the property rights of the company. If a company is bankrupt, it has lost it’s property rights. If the company has committed a crime, it can lose property rights. But, as far as I know, Intel has done neither. Forcing a sale, or seizing the plants and handing them over to someone else, does not sit right with me.
Steve
The Scene
“A difficult time to invest.”
“Everybody’s paralyzed.”
“I’m sorry I can’t be particularly positive.”
“The chaos that is reigning right now is causing everyone to sit on their hands.”
That’s Citadel CEO Ken Griffin, ON Semiconductor CEO Hassane El-Khoury, Franklin Templeton CEO Jenny Johnson, and Nasdaq Private Market CEO Tom Callahan on the world of Donald Trump right now. Their comments over the past week capture a growing disquiet among business leaders, a month into a presidency that many of them had cheered.
Same thing coming from the auto industry. They can’t realign their production to avoid the protectionist tariffs, because they don’t know how long the tariffs will be in place. Will the tariffs fall, as the result of an “arty” deal in six months, or a year?
Steve
This is our industrial policy today. Chaos and destruction.
The rest of it is gibberish meant to hurt people.