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

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?! 🤷🏼‍♀️

Lockheed’s HIMARS plant gearing up to meet demand after Ukraine ‘success’

Lockheed’s HIMARS plant gearing up to meet demand after Ukraine success

On an earnings call with investors Lockheed’s CEO said “on HIMARS specifically, we’ve already met with our long lead supply chain to plan for increasing production to 96 of these units a year.” Lockheed started 2022 with a HIMARS launcher production rate of 48, but has since ramped up to 60 year.

Amazed that they make them, manually! No wonder they only make 60 a year! I used to work in automotive manufacturing and we made more than 96 per day! Lots of automation and air-powered tools were involved!

NATO majors float Ukraine negotiations plan – WSJ

UK, France and Germany reportedly offered weapons and security commitments as a way of starting talks with Russia

NATO majors float Ukraine negotiations plan – WSJ

Related:

WSJ: NATO’s Biggest European Members Float Defense Pact With Ukraine

In theory, any NATO member could veto the proposal from the U.K., France and Germany, but the organization operates on consensus and such an initiative wouldn’t even be discussed at a summit without enjoying widespread support in the alliance.

How Ukraine war has shaped US planning for a China conflict

Yes, I do think the US has an eye on instigating a conflict with China.

As the war rages on in Ukraine, the United States is doing more than supporting an ally. It’s learning lessons — with an eye toward a possible clash with China. No one knows what the next U.S. major military conflict will be or whether the U.S. will send troops — as it did in Afghanistan and Iraq — or provide vast amounts of aid and expertise, as it has done with Ukraine. But China remains America’s biggest concern. U.S. military officials say Beijing wants to be ready to invade the self-governing island of Taiwan by 2027, and the U.S. remains the island democracy’s chief ally and supplier of defense weapons.

How Ukraine war has shaped US planning for a China conflict

Related:

How Ukraine war has shaped US planning for a China conflict

Emerging Markets Aim To Capitalize On Shifting Semiconductor Supply Chains

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! 😠