TSMC Arizona chip plant will be a paperweight, says analyst

The TSMC Arizona chip plant is behind schedule, over budget, and the subject of contention in online forums – and now an analyst says that it will be little more than a useless paperweight, even when it does finally begin production.

Not only will it only make chips for older Apple devices, but it can’t even complete the process of making those without sending them back to Taiwan for final assembly …

TSMC Arizona chip plant will be a paperweight, says analyst

Secret Intelligence Leaks vs. Basic Common Sense

Historical Examples

During 1940 the determined efforts of President Franklin Roosevelt to involve America in the war against Hitler’s Germany were blocked by the overwhelming opposition of the American people, running at 80% according to some polls. A group of young Yale Law School peace activists had launched the America First Committee and it quickly attracted 800,000 members, becoming the largest grassroots political organization in our national history. The leadership of the AFC included many of our most prominent business and journalistic figures, and famed aviator Charles Lindbergh, one of our greatest national heroes, served as its top spokesman.

Secret Intelligence Leaks vs. Basic Common Sense

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Foxconn Selling Two Empty Wisconsin Buildings After Failed Promises to Bring Jobs to the State

Source

The manufacturing project became infamous when former President Trump broke ground at the site and red flags became immediately apparent.

Foxconn Selling Two Empty Wisconsin Buildings After Failed Promises to Bring Jobs to the State

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Trump promised this Wisconsin town a manufacturing boom. It never arrived.

Roughly 100 homeowners and farmers were forced to move, sometimes under threat of eminent domain, so their properties could be bulldozed to make way for the campus, according to residents and village officials. The village paid more than 40 percent over market value for that land, officials noted.

Yellen’s Visit To China Has Failed

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!

Unexpected: Studies Suggest That Rather Than Killing Jobs, AI Could Revive The Middle Class + More

We’ve certainly been talking a lot about the “AI Doomers” who insist that AI is all too likely to destroy humanity. However, even people who aren’t fully on board with the existential threat of AI do often say that, at the very least, it’s going to destroy jobs for most people, potentially creating huge problems. For years now, people have been arguing for universal basic income, in large part, because they think that automation and AI will take away everyone’s jobs. I mean, it was a core plank of Andrew Yang’s silly run for President.

Studies Suggest That Rather Than Killing Jobs, AI Could Revive The Middle Class

Related:

[2017] “Another kick in the teeth”: a top economist on how trade with China helped elect Trump

David Autor believes both these things to be true: one, that Donald Trump’s diagnosis of trade with China as the source of woe for countless American workers was both accurate and a crucial part of his appeal on his march to the White House. And two, that Trump’s plan to help those workers by cracking down on trade is likely to backfire.

How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’