>The planned joint venture will be 70% owned by TSMC, with Bosch, Infineon, and ... | Hacker News

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		trompetenaccoun on Aug 8, 2023 \| parent \| context \| favorite \| on: TSMC, Bosch, Infineon, NXP to jointly build semico... >The planned joint venture will be 70% owned by TSMC, with Bosch, Infineon, and NXP each holding 10% equity stake, subject to regulatory approvals and other conditions. I wonder what them "providing" 5 billions as news reports put it actually means. Is this a loan, a gift, or some other type of deal?

rasz on Aug 8, 2023 [–]

Gift. Here is how it worked in Wales: https://www.youtube.com/watch?v=hijJ_4H08RM

Lionga on Aug 8, 2023 | [–]

You have to subtract 10% or so in kickbacks that will later flow back to the politicians handing out the money

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