Commerce Secretary Gina Raimondo: The 60 Minutes Interview 

It is fair to say America has the advanced chips. They are importing a lot of Taiwanese workers to train American chip engineers. Once that is done, project is complete.

​@@marktrinidad7650Can American know the different between Chinese and Taiwanese? I don't think so 😂

@@marktrinidad7650 Those Taiwanese workers want to get the green cards and stay at US, so they won't teach American engineers.

This is why protecting Taiwan is in our best interest. While building new chip manufacturing. I know Kansas is building a new chip manufacturing facility.

@@marktrinidad7650 Taiwanese work days and nights. And Americans just cannot compete.

Between inflation (read as greed and price gouging) and wage stagnation since Reagan, who is also the one who sent all our manufacturing to China to begin with, we can barely afford the cheap, low quality Chinese products. So, no, we can't, until someone raises wages, taxes the rich and corps, and reigns in end stage capitalism.

Navahos finally got juice. 401ks?❤

@@DavidMiller-kf1ss what does this even mean?

TSMC boss has already told the cost of production +50% after chips are produced in US

@@kenho-wr5ul2rh7m Already, TSMC (USA) is now delay completion until 2026.

An important truth that no body has the courage to say it, America is not able to compete anymore with the best companies in Asia be it Taiwanese, Korean or Chinese! Little can be done here at home even when these companies are awared billions of dollars to come and open their factories here in America, they do it to get the money even though they know their best manufacturing has to be done back home in Asia!

Free market capitalism, yes.

Taiwan Semiconductor has a virtual monopoly on high end chips simply because no one has the same production capability. Intel, their primary competition outside of Samsung, had dropped the ball repeatedly over the last decade in terms of chip fabs. After countless delays they are finally online but there is still a lot of catching up to do, and that's exactly what the CHIPS act is supposed to do. Bring leading edge chip manufacturing back into US borders.

@@radwanabu-issa4350 The main reason U$A will never able to compete in Chip manufacturing. All the country that do well in chip manufacturing , has Confucianism culture. For chip manufacturing, a high level of discipline is the key, and most Americans today don't possess it. They call it “forced labour" Taiwanese media reported on August 2 that TSMC claimed the production holdup at its Arizona facility was caused by a shortage of trained American labour and that they had sent staff from Taiwan to assist with the factory's development. Labour union officials in Arizona, on the other hand, criticised TSMC for exploiting this as a justification to bring in "low-wage foreign labour."

the shareholders of her dad's factory are the ones whom to blame, not China.

Patriot genisayeed native Anericans

An asset like your president

YES the old woman is a awful fox ,her face make ones queasy, sure Her enemy is that,too

Agreed. It would definitely bring back to earth some of the MAGA & P.C. fanatics hopefully

@@BruderAdrian really.. Gina appears to have issues. I think she needs psychological help.

Humiliated by that overheating, slow phone??😂😂😂

​@@Dave05J苹果手机有什么创新不也够热了，很失败的设计 美国如果不依赖全球供应链，能够生产一个低端手机都非常了不起了

​@@Dave05Jyou mean IPhone15？😂

In a cold war, it is important to know thy enemy. Let the war advocates come to China and see who benefits the most.

keep huffing that copium

​@@cosmicdancer确实是这样的，过去我们中国人愚蠢的认为全球供应链自由市场 当美国人开始切断中国供应链的时候，中国人清醒了，现在在大量的投入研发，有很多东西都追赶上来了 如果不是美国这样做，中国人有可能会在芯片方面还是对美国的依赖

Maybe you're government should not have let china into the WTO it's you're own country's problem you done it to yourselves

People with a scarcity mindset.

keep huffing that copium

I completely lost faith on Chinese chip companies. Started from Hanxin's fraudulence chips, it was scams after scams. Remember the latest Quanxin chip scandal three years ago and wasted close to USD 10 billions? Xi Jingpian claims his success on fighting corruption except his CCP cronies. The only way China can succeed is to have a structural change and new leadership. Do you know anyone in the PLA? We need to gather all the forces to rebuild a new China.

I completely lost faith on Chinese chip companies. Started from the fraudulent chips by Hanxin, there have been just scams after scams. Remember the latest Hongxi chip scandal wasted nearly USD 10 billions in 2021? Xi Jinping has been fighting against corruption as long as it doesn't involve his CCP cronies. For China to succeed, we need a structural change and new leadership. Do you know anyone form the PLA? We need all the forces to rebuild China.

I completely lost faith on Chinese chip companies. Started from the fraudulent chips by Hanxin, there have been just scams after scams. Remember the latest Hongxi chip scandal wasted nearly USD 10 billions in 2021? Xi has been fighting against corruption as long as it doesn't involve his CCP cronies. For China to succeed, we need a structural change and new leadership. Do you know anyone form the PLA? We need all the forces to rebuild China.

I completely lost faith on Chinese chip companies. Started from the fraudulent chips by Hanxin, there have been just scams after scams. Remember the latest Hongxi chip scandal wasted nearly USD 10 billions in 2021? Xi Jinping has been fighting against corruption as long as it doesn't involve his CCP cronies. For China to succeed, we need a structural change and new leadership. Do you know anyone form the PLA? We need all the forces to rebuild China.

She’s bad for the country and bad for the world 😂

@@bobdoe38 It is clear that's she's not making everyone happy. It doesn't mean she is wrong nor not creating good things for the majority of people in America.

@@bobdoe38only if you are Chinese or Russian . So who you ?

@@LanNguyen-vd4zt i am an American and I don’t like her. What is wrong with that?

​@@LanNguyen-vd4zt NONONO，as a Chinese, I have to tell you, we like her and thank her for everything she has done for Huawei 来自中国的爱❤🎉

Trust American media on issues beyond your local news? LMAO, Get out from the well and see the world.

really? asking a politician about business and technology? 60 minutes is full on propaganda mode

Not China any more, now it’s Vietnam, Thailand, India…

@@liyang8337 NEXT!

No. Wait for a better timing...like when Huawei was going to announce their yet another superior product using their native chips.

When you stop improving yourself and start worrying about how to stop others, you've already lost.

Yeah thanks for leaving. Incompetent and corrupt.

U.S. if i win, fair, if i lose, not fair Right ？

The US is all about taking unfair advantage of others. Or don't you know??

Yanks fair ...you high on weed ?

Actually, nobody wants to play with the US at all. Cos you cheat all the time.

Just the opposite, the Chips Act will destroy semiconductor business all around the world, including the US.

@@testphone8379 thank you china/russia bot - if you are making an assertion atleast back it up with some logic as to how that's true

@@elba_magellan ok, if you can’t see it let me tell you. China has its own equipment and software manufacturers, but those businesses were struggling because they are not the best. But now everyone is scared that tools from overseas might not be available in the future, so everyone is buying locally, those business are now booming. The majority of semiconductor business are the so called low end, it covers over 90% of the market, and they already have the technology. For the same reason, they are now trying to be self sufficient, the largest user of those chips is China, which means in the not too distant future, semiconductor manufacturers outside of China will loose business. Business needs profit to support their future development. Now you see the picture? Next time before name calling have a think first. Using national security as excuse is just a lie. Because military equipment needs to be tough, they don’t need those 5nm devices. Even car devices are 28nm or above. Most profitable is those 5nm or smaller devices. They are for phones and high tech gadgets. It is all money.

​@@testphone8379 TikTok just got banned 😅

@@elba_magellanglad to see the R N s so uneducated

Spoken from someone who knows nothing about United Snakes corruption and how disqualified she is in this job!

Yeah, as a dog catcher.

Me too. Better late than never, we should have never off-shored all those jobs and industries in the first place but hopefully we can course correct this decade.

lmao you really think they will when they fully support Israel?

Socialism!

Maybe eventually, although I don't like the idea of having more pro-corporate people in government. The coming conflict is between corporations and people, and we need government to be firmly on our side, or there is no hope for any of us.

Your Correct, but I don’t think Jesus could get anything done with these elected officials… all 3 sides

I agree 👍

Exactly 💯%

Yeah I’m sure the Chinese won’t ever figure this out 😂

ASML CEO Peter Wennink: “There are 1.4 billion Chinese, many of them smart. They come with solutions that we have not yet thought of.” - when this happens, is game over for the USA.

So the Chinese method is not as efficient that don't mean their products made by their Chips can't beat the US. This is like saying the Japanese Auto industry or the German Auto industry can't beat the US because they don't have any oil which make their manufacturing industries less efficient and more costly. These efficient could be easily compensated in other areas and it look like they are.

Chinese did build their first nuke using manual calculations and some doodling on a toilet wall.

Don't wish this upon us please from RI

Open trade can do both. Trade pacts and economic cooperation promote diplomatic ties which improves national security.

@@zmport4230 I’m for free trade…but we’ve “free traded” away entire industries. If you don’t have the capacity to smelt steel, your national defense is vulnerable. We have 0 commercial shipyards, and a half dozen that build only for the USN and USCG. That is madness. The USN is discovering that the cost of building a new dry dock will cost $10B+…because we no longer have anyone who knows how to build one. I like buying cheap underwear from China and I like seeing my stock portfolio go up in value; but if we accept the idea that these vulnerabilities are unfixable, then we must make peace with the fact that our security is dependent on the goodwill & good behavior of a powerful and resentful dictatorship.

There is no such thing as “free trade”. That is an academic construct useful for theoretical discussion - but does not exist in the real world. All markets have rules and international trade is complicated by international affairs and the differing motivations & desires by different nations, as expressed in the rules created for international trade.

A loser will blame everyone else except themselves... lol It was the watch company's greed she should blame. Not Chinese. Her envy and jealousy blinded her judgement. Quite right, Professor Richard Wolff constantly reminds us that US corporations moved productions overseas to take advantage of lower wages , making huge profits for their CEOs. China did not force them to move.