Tag: semiconductor manufacturing

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.”

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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! 😠

Fact Check: Price Of Gas Was NOT $5 A Gallon When Biden Took Office — It Was Less Than Half As Much

Tina Marie (Ms. Cat)

Was the price of gasoline $5 a gallon when President Joe Biden took office in January 2021? No, that’s not true: The U.S. Bureau of Labor Statistics (BLS) website says a gallon of regular unleaded gas was only going for close to $2.33, on average, at that time. For September 2022, the most recent month government statistics were available at the time of this report, the same type of fuel sold for $3.88, a 66.5 percent increase over the administration’s starting point. Gasoline prices peaked at over $5 a gallon in the summer of 2022.

Fact Check: Price Of Gas Was NOT $5 A Gallon When Biden Took Office — It Was Less Than Half As Much

Biden’s Tech-War “Goes Nuclear”

Tina Marie (Ms. Cat)

Biden’s Tech-War “Goes Nuclear”

So, where is all of this heading, you ask?

To more conflict, more confrontation, higher prices, lower standards of living and, eventually, a disintegration of the prevailing order. That much is certain. The problem, of course, is that the China hawks now control the levers of power in Washington which means that the attacks on China will intensify, decoupling will accelerate, and a massively-destabilizing international crisis will soon follow.

Related:

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