Tag: CHIPS and Science Act

Yellen’s Visit To China Has Failed

Tina Marie (Ms. Cat)

Treasury Secretary Janet L. Yellen visited China. There she tried to press the worlds biggest economy on several issues.

Yellen, in Beijing, Criticizes China’s Treatment of U.S. Companies – NY Times, July 7, 2023

Yellen Urges China to Step Up Climate Finance Investments – NY Times, July 7, 2023

U.S. Raises Pressure on China to Combat Global Fentanyl Crisis – NY Times, July 7, 2023

Yellen’s Visit To China Has Failed

Psychopathic hypocrite criticizes China, for using subsidies, when the CHIPS and Science Act gives $52 billion, in subsidies, to semiconductor companies!

America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage + manufacturing chips in the US could make smartphones more expensive

Tina Marie (Ms. Cat)

America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage

Another possible fix would be to keep people in the workforce longer, by raising the age at which workers can begin collecting Social Security or tapping into their pensions or 401(k)s. Yet Harry Holzer, a former US Department of Labor chief economist now at Georgetown University, says that neither feels politically feasible right now. Immigration has been a toxic issue in American politics for years, and Social Security has long been an untouchable entitlement. “None of that is doable,” Holzer says, which means “our labor force growth is going to continue to be modest.”

Related:

How manufacturing chips in the US could make smartphones more expensive

Morcos says a top concern of his is the narrowness of the CHIPS Act. Without bringing related device manufacturing back to the U.S., such as device batteries, sensors, cameras, antennas, and hundreds of other components, the manufacturing process could require the most critical component to be produced stateside, then shipped overseas to be assembled with hundreds of other components into a device that is then shipped back to the U.S. for the American consumer.

Work longer, for less pay, and you still won’t be able to afford the latest smartphone or laptop?! 🤷🏼‍♀️

Emerging Markets Aim To Capitalize On Shifting Semiconductor Supply Chains

Tina Marie (Ms. Cat)

After the US levied sweeping restrictions against China’s semiconductor manufacturing industry last autumn, opportunities are emerging for other countries to bolster their positions in the supply chain for this critical component of the global economy and linchpin of future technologies like artificial intelligence (AI) and next-generation computing.

Emerging Markets Aim To Capitalize On Shifting Semiconductor Supply Chains

Only one U.S. semiconductor plant! 😠

The Sino-American Tech Trap

Tina Marie (Ms. Cat)

Technology is ground zero in the conflict between the United States and China. For the American hegemon, it is about the leading edge of geostrategic power and the means for sustained prosperity. For China, it holds the key to the indigenous innovation required of a rising power. The tech war now underway between the two superpowers could well be the defining struggle of the twenty-first century.

The Sino-American Tech Trap

Explained: How Americans In Chinese Tech Firms Might Have To Choose Between US Citizenship And Job

Tina Marie (Ms. Cat)

Under the latest US technology export rules, US citizens working in Chinese firms might face a tough choice — quit their jobs or risk losing US citizenship.

Explained: How Americans In Chinese Tech Firms Might Have To Choose Between US Citizenship And Job

H/T: Simply put, Biden forced all Americans working in China to choose between being fired or losing their American citizenship from Der Friedensstifter/The Peacemaker

Sounds like a violation of the Fourteenth Amendment’s Citizenship Clause.