State funding for Chinese companies enables them to offer salaries beyond what Western companies can pay.
Source?
ASML made €8 billion in net income in 2023. TSMC, $30 billion (not Western, but mentioned in the same breath). I'm sure they could scrounge a few coins from under the couch cushions to match salaries if they wanted to.
I found this line very funny:
Source?
ASML made €8 billion in net income in 2023. TSMC, $30 billion (not Western, but mentioned in the same breath). I'm sure they could scrounge a few coins from under the couch cushions to match salaries if they wanted to.
But if they offered higher salaries, how would shareholders afford to buy their third yacht?
So true, but also y’all did the Chips Act and some of the most heavy handed protectionism seen this century. The fuck you talking about