Biden admin awards $8.5B to Intel for advanced chips
Commerce Secretary Gina Raimondo said the agreement will set the U.S. up to meet its target of producing 20% of the globe’s leading-edge chips by the end of the decade.
Biden admin awards $8.5B to Intel for advanced chips
Commerce Secretary Gina Raimondo said the agreement will set the U.S. up to meet its target of producing 20% of the globe’s leading-edge chips by the end of the decade.
Compared To China, US Trade, Investment Offers Laughable
On the other hand, the BRI (Belt and Road Initiative) donations of China alone that are reality– Chico River Irrigation Pump, Davao Bucana Bridge, Estrella-Pantaleon and Binondo-Intramuros Bridge, the ongoing Kaliwa Dam Project that would provide 600/mld (million liters per day) to drying Metro-Manila and hundreds other projects– already count billions of dollars, not to mention private investments like DITO Telecoms’ $ 3.9 billion investment in our telecom sector.
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Read More »Perry World House’s Thomas Shattuck and Robin Garcia are out with an important new white paper which recommends the public release of visual information to counter China’s coercive activities, using the Philippines and Taiwan as examples. As the champions of “assertive transparency”, SeaLight enthusiastically welcomes this timely new scholarship!
Lighting Up the Gray Zone: The Philippines-Taiwan Counter-Coercion Toolkit
Perry World House is at the University of Pennsylvania, another university funded by the US government. I’ve updated my Project Myoushu document, to reflect the following:
The origin of Stanford University’s Gordian Knot Center for National Security Innovation. It’s sponsored by the Office of Naval Research, an organization within the Department of Navy. I saw it over at the Asian Century Journal, yesterday.
From a previous post.
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An indicted Chinese businessman pumped millions of ill-gotten dollars into the bank accounts of some of the most influential figures in MAGA World—including former Trump aides Steve Bannon and Jason Miller—according to a raft of documents filed in federal court in February.
Chinese Mogul Funneled Millions to Bannon, Fox, Gettr, Docs Show (archived)
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For charts, see the original post.
Today Russians are set to head to the polls for their country’s presidential election over three days – with only one expected outcome. Incumbent President Vladimir Putin will win comfortably. The Russian president is elected by direct popular vote. If no candidate receives over 50% of the vote, then a second round is held between the two most popular candidates three weeks later. It’s the first time that multi-day voting has been used in a Russian presidential election, as well as the first allowing voters to cast ballots online.
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Russia’s war economy is holding up. Wages have soared by double digits, the rouble is relatively stable and poverty and unemployment are at record lows. For the country’s lowest earners, salaries over the last three quarters have risen faster than for any other segment of society, clocking an annual growth rate of about 20%.
The government is spending massively on social support for families, pension increases, mortgage subsidies and compensation for the relatives of those serving in the military.
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Japan, U.S. and Philippines to discuss stronger military ties
The three foreign ministers will discuss ways to strengthen cooperation in the wake of increasing collisions in the South China Sea between ships from the Philippines and China.
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They agreed to work toward signing a Reciprocal Access Agreement that would make it easier for members of the Self-Defense Forces and the Philippine military to engage in joint training exercises by simplifying procedures to obtain visas and bring weapons and ammunition into each other’s countries.
Japan will also provide funds for the Philippines to acquire a coastal surveillance radar system.
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US, Philippines to expand strategic port
Read More »The US approach focuses on tapping Asian funding, engineering know-how, and shipbuilding experience to expand its shipbuilding capacity, Nikkeia Asia reported.
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Emanuel said, “There’s a closed plant in Philadelphia. There’s a closed Navy shipyard in Long Beach. And there are a couple of others…We wanted to see if Mitsubishi and other Japanese companies would be interested in potentially investing and reopening one of those shipyards and being part of building Navy, commercial, and Coast Guard ships.”
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Emanuel had also hinted in January this year that for US Navy warships to remain in Asian waters and be prepared for any future confrontation, the United States and Japan are attempting to reach an agreement enabling Japanese shipyards to do routine maintenance and overhauls.
Over the past 40 years, China has developed a remarkable commercial shipbuilding industry, cautioned Del Toro at an event. “We’ve lost that capability from about the 1980s when we left it open to market forces.”
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The US has seen a very significant dip in its shipbuilding capacity. Nine of the 13 public naval shipyards the United States formerly had are closed. Several closed shipyards are now national parks, naval air stations, or container terminals. However, a few could be brought back for ship repair or construction.
The urgency to resuscitate these redundant shipyards stems from the threat posed by China’s massive shipbuilding industry, producing many naval vessels that could be used to project dominance in far seas and deployed against the US and its Indo-Pacific allies in the event of a conflict.
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According to the latest Pentagon’s annual report to Congress on Chinese military and security developments, the Chinese Navy possesses an estimated 350 vessels, while the US Navy battle force has 293 warships.
The yawning gap of 60 hulls between the two navies is expected to grow every five years until 2035, when China will have an estimated 475 naval ships compared to 305-317 US warships. Notably, China has inducted as many as 150 warships in the last ten years.
H/T: Johnsonwkchoi
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U.S. seeks to revive idled shipyards with help of Japan, South Korea – Nikkei Asia
But while quick repairs on damages suffered through deployment are allowed, like the Big Horn at Mitsubishi, U.S. law prohibits U.S.-based ships to undergo full-scale overhaul, repair or maintenance at a shipyard outside the U.S. or Guam. Changing such a law — put in place to protect U.S. jobs — may face headwinds, especially in an election year.
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Both tours were led by the companies’ respective CEOs. The shipbuilders expressed “strong interest” in establishing U.S. subsidiaries and investing in shipyards in the U.S., the Navy said in a press release.
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U.S. Navy ships are currently built by seven private shipbuilders, including two non-American players: Italy’s Fincantieri Marinette Marine in Wisconsin and Australia’s Austal USA in Alabama. The involvement of two international shipbuilders serves as a precedent as the Asian players contemplate entry.
Maintenance of the most sensitive nuclear-powered aircraft carriers and submarines are conducted exclusively at four public naval shipyards — in Virginia, Maine, Washington and Hawaii.
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Emanuel said that when he started working for former President Bill Clinton in the early 1990s, there were 10 to 11 shipyards that built naval ships. “We’re down to seven and our work is growing. You’re not going to get the same volume out of seven that you got out of 11. You need to get back to 11 or 10.”
As a result of the incident, Powell thinks that Manila “has the right to expect a more muscular response from its partners and allies.” After last year’s incidents, both the U.S. and Australia held joint maritime and aerial patrols with Philippine military forces in the South China Sea. The Philippines expects to hold more joint patrols with not only American and Australian forces, but also with countries such as France, Canada and Japan.
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Yesterday, Philippine President BongBong Marcos vowed that the country would “push back” when its sovereignty was ignored in reference to China’s actions in the region during a speech in Australia. He further stressed that the Philippines’ stance on the South China Sea was guided by its interests, not at the “beck and call” of the United States.
BBM was at the Lowy Institute, a think tank funded by the Australian government, etc.
Related:
Philippines Budgets for a Permanent Base at Second Thomas Shoal
It’s Time to Build Combined Forward Operating Base Sierra Madre
Philippines Game Changer Analysis – Project Myoushu – South China Sea
GDP data for China, the U.S., and the other G7 countries for the year 2023 has now been published. This makes possible an accurate assessment of China’s, the U.S., and major economies performance—both in terms of China’s domestic goals and international comparisons. There are two key reasons this is important.
China’s economy is still far out growing the U.S. – contrary to Western media “fake news”
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