Micron, Intel, and Nvidia are asking for a $3.5 billion increase in research funding

[Greg S]

In context: China is accelerating development of their own semiconductor industry as a result of ZTE being banned from the US. American firms are calling on federal policy makers to increase research funding as a means of keeping pace and growing domestic technology prowess.

The Semiconductor Industry Association representing Intel, Nvidia, and Micron is calling on US officials to increase the amount of funding being given to semiconductor businesses as a counter to investments being made into Chinese tech companies. Micron CEO Sanjay Mehrotra is the current chairman for the trade group requesting more money.

Currently, the United States is offering $1.5 billion towards chip research and development. Over the next five years, the three major firms are asking the amount to be raised to $5 billion in addition to increasing funding for related areas of interest such as materials science.

Aside from asking for funding to produce faster and more efficient chip designs, the trade group is advocating for changes to immigration processes. The group would like to make it easier for skilled workers from India and China to gain permanent residency status so that there is no longer a burden of trying to sponsor visas.

Over a long term effort, there are calls to try and double the number of engineering and science degrees granted by 2029. Although not impossible, this is a very lofty goal that may not be in line with enough student interests.

Finally, the Semiconductor Industry Association is lobbying for changes to trade agreements to mandate better treatment in courts when intellectual property disputes arise. It is no secret that United States businesses receive less than stellar support from Chinese judges when there are accusations of trade secret theft.

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https://www.techspot.com/news/79489-micron-intel-nvidia-asking-35-billion-increase-research.html

 

[seeprime]

It seems like these mega corporations are simply hoping for corporate welfare to pad the bottom line. The companies need better leadership, from the top down, instead of handouts.

 

[Uncle Al]

While it "might" be worth it, I think they need to look at those numbers very hard, they seem terribly high for R&D. How do they determine what money is spent on Govt. vs. the average consumer? It's been widely reported that they ride the backs of the Govt. then make a killing selling to consumers. Not sure about the accuracy but if there are $$ involved you know they will try to find a way to grab all they can .....

 

[Lounds]

Socialism for the Rich I see...

 

[Stark]

Wow how much of shills can these corporate can be?
these are the highest profit making and with highest margin companies.....

P.S. bailing out banks classic text book "socialist" move so is this, people need to let go their fear of socialist vs capitalist mentality and see what works for them the best, government is first,by the people for the people and not for these monolithic, monopolistic, corporate institutions. they seem pretty flexible on ideology when ever it suits them and end citizen pays the price. This grant will not provide people with any fruitful returns of any kind on their tax dollars.

 

[MasterMace]

'We need more money for better designs because the Chinese government is giving their companies more money for better designs'
-'Also can you make it easier to get Chinese workers, who will take these designs back to China when ordered by the Chinese government?'

 

[poohbear]

It seems like these mega corporations are simply hoping for corporate welfare to pad the bottom line. The companies need better leadership, from the top down, instead of handouts.

but to compete with China, where the companies DO get government funding, wouldn't they require more government assistance? How can the compete with foreign companies if those companies are sponsored by their own governments?

 

[PEnnn]

nVidia is asking for money from the government as well?? Why, gouging millions of buyers doesn't generate enough money for them??

Corporate welfare at its finest.

 

[Dimitrios]

LOL It's almost as if they want to make AMD the only good guy with what I have been reading lately on the news. Keep it coming INTEL and NVIDIA.

 

[Stark]

but to compete with China, where the companies DO get government funding, wouldn't they require more government assistance? How can the compete with foreign companies if those companies are sponsored by their own governments?

well they are competing against well established players with lots of IP and patented technology, and a single individual cannot foot the bill for establishing such company, moreover going public will also not help as people are a lot more conservative in Asian markets while investing in stocks. Also the capitalist vs socialist debate is a lot muted with cherry picking of best of both world features, hence the support of government. just my two cents.

 

[ypsylon]

If it was an 1st April joke, yeah I dig that.

It is not.

In one word: audacity. To ask state for money when corporations in question earn unimaginable billions every year. Not to mention they pay no taxes whatsoever.

Just please stop this socialism-capitalism nonsense. Both systems are totally flawed & Utopian.

 

[jpuroila]

Sure. The money should be taken directly from Intel.

 

[munchy22]

With the nearly double price nvidia and inel are trying to fleece their user base I say no let them use their vast profits to support the money they need. After all if I want a mid 4ange card it's no longer 200 pounds it's closer to 500. And if I want a 8 core with hyperthreading Intel has also screwed the pooch by removing the 350 i7 and calling it a i9 at 450 if your lucky. So should these companies ask for research money. No no no let them fall behind and loose market share. They deserve too.

 

[Oldaza]

That is exactly how farmers in many countries feel when they cannot compete against highly subsidized american agricultural products

 

[Knot Schure]

It seems like these mega corporations are simply hoping for corporate welfare to pad the bottom line. The companies need better leadership, from the top down, instead of handouts.

Hello from China, you can't deny state sponsership of tech out here.

There is no sense of 'fair play'...