Taking Over a Semi Conductor Plant

Apple is now interested in buying flash memory from the chinese semi conductor company, y m t c. I don't see a reason why we should not allow apple to do this - i'm much less nervous about china catching up there relatively quickly. There's no evidence that they're needed at this point. The industry is profitable. It's not wildly profitable for all the reasons that mehere has pointed out. You look at returns and invests a capital, nothing suggests that there's a big, fundamental problem here that needs taxpayer subsidies.