#Intel CEO Pat Gelsinger said #POTUS#Biden is pushing him to get new federally funded chip factories up & running….
“He wants it bigger, he wants it sooner,” Gelsinger said.
The #Biden admin announced Wed that #Intel will receive $8.5B in grants & $11B in loans to help it reshore some of its #computer#chip#production from overseas.
We also need to #standardize Li #cells as well. Right now, it's as if every 1920s radio manufacturer that ever was had their own different, proprietary, and incompatible A, B, and C batteries, and we still had to live with that, buying batteries only from the manufacturer of the device.
I think it goes at the #problem ass-backwards. The competition watchdog is at the wrong place in the workflow to accomplish much. By the time a #deal is announced, it's essentially too late for a #regulator to have a meaningful impact on things.
(Very) occasionally it'll block a #merger or #acquisition, but that's reactive at best.
I suggest #legislation that forbids, in advance, any company controlling 10% or more of the #market in #Canada in any category from merging with or acquiring another company - in any field.
Big #companies buy out smaller companies to eliminate competition and drive up #prices, while expanding their market share.
Big companies merge with each other to stop having to #compete with each other.
If you're big enough to have 10% of the national market in something, you can compete for the rest.