Why US and EU support for chipmakers is bad news for foreign direct investment in Ireland

Governments around the world are preparing to throw hundreds of billions of euros in state subsidies at chipmakers to raise prices, enrich incumbent companies and eventually disadvantage smaller countries like Ireland in the investment race.

Perhaps it should come as no surprise now that the pandemic has shut down supply chains. Semiconductors are the building blocks of the modern economy and are at the heart of everything from cars to computers, but that doesn’t justify these huge government handouts.

https://www.independent.ie/business/why-us-and-eu-support-for-chipmakers-is-bad-news-for-fdi-in-ireland-41935271.html Why US and EU support for chipmakers is bad news for foreign direct investment in Ireland

Fry Electronics Team

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