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From: Frank Sully8/22/2025 8:39:49 PM
   of 5479
 
Where's T.J. Rodgers when you need him?

Formers Cypress Semiconductor CEO T. J. Rodgers was an outspoken opponent of government interference in free markets, particularly the U.S. Semiconductor industry. 40 years ago he spoke out against the government funded consortium Sematech.

This is not Washington’s first stab at “fixing” the semiconductor industry with government windfalls. In the 1980s and ’90s, the U.S. established the Semiconductor Manufacturing Technology (“Sematech”) consortium to counter what was viewed as the “Japan threat” to the industry. It spent more than $500 million (roughly $1.3 billion in 2022 inflation-adjusted dollars) in taxpayer funds.

So, how did that work out? T.J. Rodgers, a former chairman of the Semiconductor Industry Association, summed it up this way: “The U.S. has wasted money…[T]he Sematech consortium began spending $500 million in government funds that did zero for the industry.”

The argument that the United States can out-subsidize and incentivize others that are active in this arena is short-sighted and ill-guided.

Three years ago he spoke out again against Biden's U.S. Chips Act. Here's a 5 minute clip:

youtu.be

Now Trump is bailing Intel out with $11B.
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