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> The reason these items are not produced at home is because of government policies.

Which policies? I believe you, genuinely curious

Trade deals, plus subsidies by other governments are the general categories.

Right. Other governments are always going to subsidize though (unless you work that into the trade deals I suppose).

Obviously any barriers to the success of US fabs should be removed, but it's not clear if there's a market for more expensive US chips - if there were, you'd think someone would build it without the need for a subsidy

> Other governments are always going to subsidize though (unless you work that into the trade deals I suppose).

Often trade deals do include agreements about subsidies.

> it's not clear if there's a market for more expensive US chips - if there were, you'd think someone would build it without the need for a subsidy

They wouldn’t be more expensive with the subsidy.

> Often trade deals do include agreements about subsidies.

Yes but it's complicated when you're dealing with China where the govt is heavily involved in many "private" cos

Agreed

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