[Dalewyn]

>So what does the "age old adage" have to do with anything?

China is succeeding at securing their industry and supply chains despite (or because of) our Cold War II efforts.

Meanwhile, if Intel is any indication we are consistently failing to secure our industry and supply chains and China hasn't even had to do anything besides just exist.

[onepointsixC]

It’s not just existing, the Chinese give an order of magnitude more subsidies. The CHIPS act was always been too little. If it at least matched that of China, without considering how much more their subsides pays for in China in PPP terms, then we’d be in decent shape.

[Rinzler89]

>It’s not just existing, the Chinese give an order of magnitude more subsidies.

Are they really? Are they giving more than what state subsidies Silicon Valley companies received from the WW2 radar/radio era, from Shockley semiconductors, to the Traitorous eight[1], to the present day?

To me it seems China is only spending so much because they need to speedrun in a couple of decades what the US achieved in 3 times that, but it also did that with a lot of state subsidies, let's not kid ourselves.

For example, EUV lithography exists because the US state sponsored Sandia Labs for the research, but we're supposed to think "China bad" when the CCP does the same? Same with other SV tech that came out of defense or state sponsored projects.

Also, the way the financial system is set up in the US and they way the VC sector works, is also somewhat of form of state subsidies in disguise since the US gov just prints loads of cheap money, investors would dump it on 100 companies, one would boom to become the world dominator, the other 99 would flop, and get written as a tax write-off, and presto, you have a VC sector that no other country can replicate because they don't own the money printer to the world's reserve currency.

[1] https://en.wikipedia.org/wiki/Traitorous_eight

[cyberax]

> For example, EUV lithography exists because the US state sponsored Sandia Labs for the research

That's a stretch. EUV lithography was developed by multiple private companies over about two decades. The idea of using EUV for lithography was straightforward, but technical implementation was anything but.