Hacker News Reader

That was a very similar investment landscape when TSMC started up - it’s a real shame that US capitalists are so short sighted. Or maybe they’re too cheap to invest when they have control of government taps via lobbying. Why invest your own capital when you can lobby for government handouts.

View on HN

Taiwan Government own 48% of TSMC stock at it founding. TSMC is not a product of free market capitalism. It is a product of the Taiwanese state.

Source: Chip Wars (2022)

Then it's a shame the not only US capitalism and world capitalism is incapable of investing in the long term. Though I'm fine with government support as long as the outcomes return a fair share of the benefits of the private venture back to the government.

Reply on news.ycombinator.com