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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (14975)	5/14/2005 10:27:38 PM
From: Big Bucks	Read Replies (1) \| Respond to of 25522

Brian, valid point, but I'm wondering why they need to come to the US to get financing when the Chinese government has, and still does, heavily subsidize multiple industries. I have a philosophical business disagreement with lending a massive amount of money and then using those US funds to buy US products where they are inaccessible, what is the collateral, how do you forclose on a potential default? What is the risk to SMIC if they go belly up? Basically, the US taxpayer will be burdened with the entire financial risk and will be supporting the increased exportation of high technology related chip manufacturing jobs to China. I'd rather use US taxpayer money FOR THE BENEFIT OF US CHIP COMPANIES and American jobs. Let's build some more fabs in the US or use the money to fund alternative energy R&D and manufacturing. AMERICA FIRST!