Western Media Finally Admits Tariffs Aimed at Isolating China, Not “Reindustrialization”
As warned, the US predicated tariffs on “reindustrialization” to sell to a gullible public, but was always aimed as preparations for isolating and eventually warring with China;
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Tag: Self-sustainability
Intel shares fall 20% on plans to cut 15,000 jobs
Intel on Thursday revealed drastic plans to slash its employee headcount and capital spending in an attempt to put its business back on a stable financial footing, as it suffered the latest setback in its slow-moving turnaround plans.
Related:
US CHIPS Act Funding for Intel
On March 20, 2024, the U.S. Department of Commerce and Intel Corporation announced a preliminary memorandum of terms under which Intel will receive approximately $8.5 billion in direct funding under the CHIPS and Science Act. Funding will help advance Intel’s critical semiconductor manufacturing and research and development projects at sites in Arizona, New Mexico, Ohio and Oregon – U.S. locations where the company produces some of the world’s most advanced chips and semiconductor packaging technologies.
Meanwhile, in China:
China’s ‘basic self-sufficiency’ in chip-making tools could come this summer, veteran says
Updated: China bans Micron chips in key infrastructure over ‘national security’ risks
China has banned some sales of Micron products after launching a probe into the American memory chip giant for cybersecurity risks in early April.
China bans Micron chips in key infrastructure over ‘national security’ risks
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Ms. Cat’s Chronicles 