What Samsung’s Return to U.S. Chip Manufacturing Means For the Economy | WSJ 

In the event of a Chinese invasion of Taiwan we can just blow up their fabs. We just need to be second best. Plus, the best semiconductor designs come from the west and Korea

@@iconsumedmt1350 nah screw that. China's going to be the only superpower here soon once us gets a third world status. Good luck getting any chips then.

@@iconsumedmt1350 Not before they blow up your nonexistent American Fabs that will take ten years to even get going. Pretty sure they got the Hypersonic edge.

*lose

@@iconsumedmt1350 In the case of invasion of Taiwan blowing up the TSMC fabs should be the top priority but it won't solve the devastating shortage problem after the blow up, when there is not the enough capacity in US or else where to compensate the demand.

So this news clip and the governor's comments are misrepresentation of what is happening right?

The bigger problem is putting all of their fabs in one state that can easily turn on them. Business need to add more locations in other parts of the country to avoid local Gov't problems and/or natural disasters. While they may have other places around the world, having more locations in the United States is a good idea.

Just what is a fab ? I will not work at a factory that calls itself a campus!

Bingo. I expect better reporting from WSJ.

Yeah

thanks to biden

@@boku1143 👍

@@boku1143 lol

They're not

Tower semiconductors of Israel ( acquired by Intel) recently signed an MOU to setup India's first fab in Karnataka. Thanks USA 🇺🇸

No they don't. They simply leach off the government with those subsidies and grants. It will take generations to recoup that money and they can up and leave at any time.

Texas needs all the help it can get!

Good thing we are using our national oil reserve, which is for national security, to offset idiotic government policy.

@Ops Blac Samsung, a South Korean company, is over 56% foreign owned. American investors and pension funds have interests in foreign companies all over the world.

Thank you Biden !!!

Like many other voters, you are economically illiterate. Manufacturing textiles is something that drives economic growth in third world countries.

Bruh.. even china dont have textiles manufacturers anymore..its move to bangladesh vietnam etc.. bringing it u.s is practically impossible.

We need to buy back Motorola and RCA.

Look into Origin. They’re a textile company based in Maine. They’re owned in part by Jocko Willink and are growing.

Diamond Gusset, All American Clothing, Pointer, and Schaefer are some of the American manufacturers of denim blue jeans. They turn out fantastic jeans, at the reasonable cost of $40-$80/pair, that provide both value and American manufacturing jobs. All American produced excellent quality t shirts for $10-$15. Please patronize these American companies

*All though the 90’s I made a great living building chip plants in New Mexico, Arizona, Oregon… those jobs are now gone*

I could see this being the case for heavy manufacturing industries but for semiconductors not so much. While you need significantly more skilled labor you don’t need as many employees for the actual manufacturing process as it is almost entirely automated so industries like semiconductors makes perfect sense. As for other manufacturing like auto or low skilled consumer goods I don’t see coming back anytime soon.

I don’t know what regulations they imposed on semiconductor manufacturing other than that you shouldn’t poison groundwater. Semiconductor manufacturing is an environmental catastrophe. TSMC is getting on top of it cause drought on an island put them up against hard limits, which shows it can be done and you can still be the most competitive in the world. A good example might be how after announcing publicly to their shareholders that they wouldn’t add a single extra barrel beyond existing plans to market, oil shills claimed the reason the price of oil was high was that the boot needed to be taken off the neck of American oil, and that they need new land lease and tax concessions. When someone stops producing something locally so they can do it somewhere with no labour laws or environmental protection, they weren’t regulated out of existence just because countries with no standards can do it cheaper.

Asian and European countries are considered more business friendly in general. Not necessarily because they have lower personal and corporate income tax (they don't), but because the regulatory environment in the US is a convoluted mess.

@Roy Parker that CEO is lying. Well, he is telling the truth when he says that the shareholders would indeed replace him if he built a new plant in the US, but taxes and regulations are not the reason that offshore. They tell you that so they can play victim but the reality is is that they are following the Friedman Doctrine which posits that the sole purpose of a business is to generate greater shareholder returns and the best way to do that is to build factories in countries with a pool of cheap labor and China has plenty of that. Don’t buy into their lies. They have been doing this since the 80s when taxes were low and those pesky regulations they whine about were never enforced.

Great for a minimum wage worker like I ;P

I worked for Intel's Oregon Mfg. Div. back in the 1990's when it was located out in Hillsboro. I left when they decided to move most of that production to Ireland and Asia. Back then, no one gave a thought to supply chain interruptions from half a world away. Driving down costs were all that mattered. They also had us working 12 hour shifts so I wasn't unhappy to let that job go.

Yeah, I live in Portland also. Where I work Intel wants us to double our manufacturing this next year and double again the year after.

As a terrorist, sorry, USA citizen, what gives you the right to be paid well?

@@jayski9410 -"...wasn't unhappy..."-

and thats how a factory bankrupt

Same with good old European products.

Being made in US or EU doesn't have the same quality as they used to be in the past. Again I still have a very few appliances ranging from 45-60 years old that are still working great. Something I noticed for example is, I still have a set of vintage US made THRIFTY Stanley screwdrivers and they are extremely well made/rugged which takes a lot of beating. But the new US made Stanleys are not of the same quality anymore. More like final assembly with Made in USA/EU with imported parts. Another aspect is that the well made tool and appliances in the past used to be quite expensive for their price back then. Today they ain't that costly even the local made ones. Except for the high quality ones. Something I watched on a documentary sometime ago (don’t know how valid this is) was that long back they didn’t have the complex computation or computational power to run simulations to see how long a material would last. So, they made things as good as they couldn’t as they didn’t want it to fail soon which would harm their brand reputation. Today they could see the lifespan of the materials with simulation, so they just make it such that it lasts just enough for the companies.

@Block Lord That’s actually up to the company that makes the product. Like for example for tools let’s say you can get good quality Irwin, craftsman tools Chinese made.

@@randomscience4k it’s called planned obsolescence, the thing is some things need to wear down faster. Especially when a company is working and designing a more efficient machine or atleast make the current machine be compatible with the new tech installed. Leather boots, sneakers, hand tools, clothes, sports cars etc. should last much longer though.

You said it. The biggest supplier we have is India, and they have a love affair with Russia. And if you have seen videos of Indian manufacturing and the 3rd world conditions, I don't want them making my pills.

@@noahway13 Your view about Russian love affair is so wrong. Only Indians will understand why. Anyways , Yes we are a third world country but vaccine manufacturing is first world level. Dont know which videos are you talking about. Infact we are grateful to America for helping the Indian govt setup great medical universities. Also Intel just made a $3B investment near Bangalore for producing semiconductor fabs in India

@@noahway13 Manufacturing of drugs does not happen in unsanitary conditions doesn't matter wherever it happens China,India or even Africa. There are certain guidelines that all Pharma companies have to follow . Furthermore, based on the research I have done on the topic China and India are inseparable from the drug supply chain. China supplies India with raw material India makes finished drugs . Changing supply chains is super hard you clearly don't know anything.

@@alkagulati8513 a lot of Americans understand. Know everything about Pakistan and Russia backing India.

@@noahway13 Do you realise those Drugs are FDA approved ?, which means that manufacturing processes should be at western standards

Most invented or developed in the US so it's not impossible.

@@GravityBunk highly inefficient though

50 years of American corporations putting profits ahead of everything else. Now otiose coming back to bite them.

MadMaxie, you're forgetting that the main reason production moves overseas is due to two main things: much cheaper wages and access to a educated people. Wages in the US are high relative to the rest of the world and there is a lack of workers with technical know how.

@@shuki1 It has nothing to do with wages. The US as a policy has tried to use their trading, manufacturing and inventory systems to make the world peaceful and to try and turn murdering countries into good guys. It just has not worked.

@@bighands69 nah, companies are independent entities with board of directors that choose to move factories to China and elsewhere because it's much cheaper and do not care about spreading democracy or sucking up to dictators. The US has never subsidized or encouraged companies to shut down and move factories away. With regard to military/aerospace, the companies don't want to but open factories overseas when the countries demand local manufacturing as part of the deals.

With the big country like America, small coutries in Europe can't compete with your companies. But why do they have to be your underling whenever they can make use other large country's resource and market such China in competing with you. You may not know that American govt gave Japan many logistics material and weapons knowhow befeore WWII and they instigated them to open Asia Pacific war because American was insatisfactory that most Asia then were colonized under European influenced and benefits while American who came late got bare hands.

This would not be possible without Trump

The machines for the newest generation are 9nly build in the Netherlands. Funny thought: Once in the past Europe was the center of semi conductors.

Still, without the engineers from Taiwan you can't really make good use of these machines.

Manufacturing tools are low tech, manufacturing could quickly happen through out Europe and the US if there was ever a supply issue.

@@sebastianflynn1746 no, you don't seem to know anything about these machines. Look up ASML holding.

An education problem.

It's always been this way, plus cheap labor. The only thing that Asian countries can't have are labor compliance and political stability, except our January 6

CIA coups removing democratically elected leaders around the world as commissioned by sitting US Presidents. Iran (1953) Guatemala (1954) Congo (1960) Dominican Republic (1961) S. Vietnam (1963) Brazil (1964) Chile (1973) etc.

@@worldcitizeng6507 what political stability, what ur talking about ? Japan, taiwan, korea where chips r mainly produced are politically more stable then US

That isn't necessarily true. The chip industry was/is heavily subsidized in places like Taiwan and China, but not nearly as much elsewhere. Also the American companies really didn't "relocate," in the 80s, they disappeared b/c they couldn't compete with the Japanese chip makers like NEC, Toshiba, etc. The once-mighty Japanese were in turn replaced by the Koreans like Samsung, Hynix, and the Taiwanese like TSMC.

@@jogo798 lol

Bring your soldiers home, too

Why do you like high inflation so much?

Comments like misunderstanding basic fundamentals of economic theory is why manufacturing won’t come back.

@@Zones33 If the world worked on perfect economic theory I agree it would come back, However there are situations where the most economical methods are ignored due to other factors such as blockades, cartels, monopolies or regional, national policies. It is clear for example The industrial worlds dependence on fossil fuels is the most economical in the short run at least. But if the supply is cut or held back than economics so to speak goes out the door.

The Americans will have to (re-)learn this the hard way

Many of us Americans are fat and stupid but there is no doubt in my mind that we have some extremely talented individuals who can step up to the task.

@@chunglin_tang America is already building the factories. America already has 300k factories compared to 400k in China. It won't take much to regain dominance if we are serious

@@millevenon5853 As @kiwizoey413 mentioned above, this will be more than just mere factories

What do you mean by "many livers ruined"? Is it a health hazard to work as an engineer in these plants, or is it a typo? Could you elaborate?

The us workforce is the most versatile workforce In the world. It will take very little time before we can train up a bunch of people.

@Block Lord Ah yes, the return of "Millenials bad"

@@thesimpleanswer2264 😂🤣. Have y0u actually w0rked in manufacturing? From zero can you teach yourself to build a motherboard? How many years or decades it will take? Where are those who will train them come from?

90% Intel chips are fabricated in US. See Intel chip plants location below link. en.wikipedia.org/wiki/List_of_Intel_manufacturing_sites Only Intel OSAT vendors which do the final assembly/testing and packaging, are mostly done in China, Taiwan and Malaysia.

OK boomer. You worked a corporate dead end job and no one wants to follow in your footsteps. They're right. It's a terrible lifestyle.

ASML are a machin company Intel does not make its own machines.

Having worked in physics research would add the techniques are rapidly evolving on what is truly best but mass production lags behind research and scaling is a massive problem. When a large business invests billions into a large scale production facility they are going to use a scalable technology and likely going to stick with the area until the ROI is met for the plant. It's extremely important for US interest to secure a share of the semiconductor industry for geopolitical purposes.

Still, the majority of costs associated with expanding Chip manufacturing comes from taxes and regs. This is the one situation where I would gladly waive some of those to get critical manufacturing back to the US so we can avoid a potential security threat. To be perfectly honest I would gladly throw anyone who disagrees into a federal prison cell.

That is true, but also not _entirely_ accurate. First off, we should recognize that almost all of the R&D and design work for the chips which use smaller architectures are American led. Second, aside from the raw materials and the actual architectural assembly, the majority of the chip design and production supply chain is western controlled or located. Taiwan is very smart to try to keep critical elements of the most relevant architectures, especially the nascent 2mm architecture, on the island - but they only have so much power and leverage in the face of US scientific and advanced manufacturing capabilities.

Most semiconductors don't even utilize 14nm... white goods, or vehicles.

@@jacquie212 Yep, only like high end CPUs and phones (like desktops and stuff). Even then, most of those chips have 2,3,4,5nm parts that are attached to a 12,14nm bridge that connects them all up.

@@defective6811 I didn’t know ARM is US led. GTFOH

​@@lordlee6473 A good chunk of ARM research is done in America, in their American headquarters in San Jose.

You're right. They shouldn't donate to the public schools who desperately need it because it will be a tax write off, and giving any big company a tax write off is way worse than funding childrens education

@@amorak223 I hope you’re mocking his comment

So what? Does that mean that employees buying houses and raising property values won't be on the hook?

@@amorak223 missing the bigger picture, you are

That's not how a tax Write-Off works, You can write off a certain amount of the money you donate so you don't "make" more money from the charity as a big corporation. It's either pay taxes to the government or donate money to a charity and not pay taxes on a % of the charity donation.

At the very least, have enough domestic production that we can scale when needed. Outsourcing everything to China was a very stupid move.

@@protorhinocerator142 I 100% agree. Why do we need to ask China to make everything while we can make anything in the USA 🇺🇸.

@@jamesjeager129 the question also, why don't Americans just boycott made in China? What, people here don't know how to make stuff anymore?

Are tax breaks and giveaways really the smart way to go? Why not just have tariffs or import duties to compensate for the foreign subsidies that drive these chip makers and others to foreign countries. Level the playing field with policies that don't destroy the tax system.

The US has changed into a socialist country. It paid $5 billion to the giant tech company. Sanders is a capitalist and the republicans who approved this legislation are corporate socialists. That is irony.

so is healthcare and education and infrastructure. Those are national security issues as well.

@@henrygustav7948 genious when a war comes you'll see what is needed more

@@iwillpro Healthcare and education and prosperity are needed more to avoid wars.

@@henrygustav7948 go bring healthcare and education in China and Russia, let's see the peace

We already do, China and Russia are by almost every measure more peaceful countries than the US. They did not invade Syria, Iraq, they don't overthrown South American governments and install puppet dictators like the US does. They don't fund Nazi groups like the US does, They don't fund Al Quaeda and Isis like the US funds Isis, they don't fund genocide against the Yemenis like the US does.

It doesn't matter. Samsung makes great chips.

stop talking you know nothing about chips

You are right on! Thorium, smaller and more numerous nuclear facilities, experimental facilities and use in conjunction with RE. Reinvigorate this source of energy!

India already have an operational Thorium reactor & has the largest reserves of Thorium. However since Fukushima, like all countries India too went slow on nuclear power.

@@alchemist7412 Thank you for the information. Didn't know this. My understanding is that thorium reactors consume spent nuclear fuel. Some country has to prove viability and others will follow and ship their nuclear leftovers to that country! Win - Win.

I'll grant you that the US dominates software and firmware. But it doesn't dominate the supply chain. ASML is Dutch. Global Foundries is not competitive. Applied Materials, maybe. Also Intel isn't the most advanced manufacturer of chips. TSMC is. Intel has a lot of plans, but TSMC has even more. And while TSMC is setting up a plant in Arizona, they'll have to balance a lot of cultural differences between Taiwan and the US. All in all, the US is, and has been, playing catch up for a while. It's great to be optimistic, but not overconfident.

@@PristinePerceptions Well its nearly impossible to dominate the entire supply chain. I think the cultural differences will be at a minimum between Taiwanese and Americans - both are peoples of democratic and free market values. Our geopolitical closeness reflects this. However, I could not agree more with you on the overconfidence. I would prefer the majority of Americans and American politicians act and think as though we are severely lagging behind. That is absolutely the safer option and the preferable option. Just as someone who has read a bit into the issue essentially we dominate the supply chain due to our standing in the manufacturing of the microchip manufacturing tools, the manufacturing of the microchips themselves and our absolute dominance of the microchip software. I totally agree with you though - I would be very upset to see a politician saying publicly what I am saying here. The issue is too important strategically. We need to not only strengthen our dominance of the entire supply loop but ensure future dominance.

@@joenichols3901 Taiwanese work culture is very different from the USA. You should work in a Japanese factory & then you will understand it. It is nothing like democracy vs authoritarianism as you claim. The Asian work culture is totally different irrespective of the country.

90% of all Apple chips come from Taiwan and about 50% of all automotive chips. Now, unless you deem Apple iPhones strategically important to your national security...

@@tooltalk Can Americans really live without iPhone? No, so it is strategic alright!

@@tooltalk phones including iPhones are necessary for the spread of information as well as major parts of the economy that employ large amounts of people such as google and Apple that sell these phones but also need these items and without them they would collapse leaving many people without jobs. This isn’t including the major productivity increase that can be provided by having a device that can call people from anywhere.

@norm simpson your definition of socialism is vastly different from most other definitions of it.

@@stonebrew6116 exactly what I thought when I read that nonsensical comment.

move all low-tech, low-jobs oversea; just bring back all high-value, high-tech jobs.

build more shoelace factories in the US and automate them with robots. Its going to happen, the developing world is doomed

@@tooltalk :: We were told by the Federal Government when they gave Free-Trade to the "Chinese Communist Party" in China that it would only be Low-Wage Jobs that would be affected. We, like other Nations need our Low Wage, Jobs for our Low IQ Citizens to make an Independent Living. 10-Low wage employees create 1-middleclass jobs in administration. The low-wage Manufacturing Plant pays Local Property Taxes, that lowers home taxes that pay for the cost of local government.

@@tooltalk Sounds like globalism to me.

@@johndoe-ss9bz Shift the tax burden to the working and middle class while giving free money to big corporations. Welcome to Income Inequality 101.

absurd? Chinese students go through the most intense courses while American students are going to prom and summer breaks. The west won't be able to fulfill those jobs without china

Not everybody who works there needs to be an engineer. Some can be production technicians, fitters and so on. The US has an abundance of highly educated people with colleges spitting them out every year.

@@bighands69 Yeah right abundance of highly educated people haha.

Well we also could literally just import the critical labour to engineer’s from other nations. That’s why America won’t be affected by the coming demographics collapse… we literally import people from other countries. By import I mean immigration not slaves, we stopped that awhile ago😂

@@bighands69 Nope.

So just do the opposite; make it unprofitable to not produce within the US. Force them to pay a tax through sanctions for producing overseas, or just pass a law stating all companies that wish to do business in the US must pay at least US minimum wage to all employees and contractors and subcontractors. Or start a worker cooperative chip manufacturer here in US, as worker coops will never vote to send their own jobs or production overseas

Corporate subsidies are fine if its going to industries like this. Amazon and Exxon dont need those subsidies. Intel and TSMC do.

@@smallpeople172 Don't think US has that power anymore. 🤣

@@cinpeace353 untrue. We could cut off companies from our markets and our economic institutions, as well as apply pressure worldwide to sanction those countries and companies still doing business with them. Being cut off from the US market entirely, cut off from all banking institutions, etc, would make running a business literally impossible

@@smallpeople172 ::Carbon Tax on Junk that has "MADE IN CHINA". China is the biggest polluter on the planet.

Thats honesly what hapened. China and Russia proved to the world that Globalism, simply does not work. Regimes such as the CCP and Putin, dont CARE about the future of the country, or the welfare of their people. Especially when they can organize another 1989 tianmen square massacre, and shut up any criticism.

@Block Lord I hope India does improve. But after speaking to all the punjabi folks leaving the country because of the hindu nationalism, dont think Modi is making things any easier.

China is importer of these semiconductors. They spend more on it than buying oil

@@honkhonk8009 India is sliding into authoritarianism day by day due to BJP government. While the government may have done good things for its people but a lack political opposition to its rule and growing use of religion to divide ppl will definitely have its impacts down the line

India due to its caste system will NEVER be able to make any significant economic progress. If an Indian is born with 150 IQ but into the lowest "untouchable" caste, he is condemned to a life of servitude from birth and doing the lowest menial jobs for the rest of his life with absolute no hope of getting out of the miserable life.

You have chips you pave the way for EVERYTHING else. More factory machinery? Chips. Farm equpiment(cheaper from being local btw)? Chips. Cars, planes and ships? Chips. Believe me there's a reason Taiwan is so rich, they're selling chips to every country to make their goods. From Japan and Korea to Germany and Switzerland everyone needs chips, so everyone needs Taiwan.

Making rugs isn't exactly going to make machinery that will protect you from being nuked.

@@TheRiiiight agreed Rugs vs Nukes wouldn't win. It is likely ALLAH will take my soul before any Nuke wars happen. In a Nuclear war Everyone and Everything is poisoned from the winds carrying the radiation, soil is contaminated for 50 + years, waters, rain, animals, crops, Everyone.

is WSJ talking about high tech offices and headquarters moving to TX without subsidies or high tech manufacturing moving to TX without subsidies?

Texas isn’t doing anything it’s Joe Biden that did it

CERN

Military, not civilian. It would solve that problem but it wouldn’t solve the other.

It doesn't matter. End result is the same. Those semis get made here, those foreign engineering grads end up becoming US citizens. If American born citizens can't work hard enough to take advantage of a huge opportunity like this then let it go to the immigrants.

@@mudshovel289 yeah honestly the whole point is bringing opportunity to the US again. I keep seeing people outsourcing to China because they have a better assembly line infrastructure. This needs to be relearned in the US and maybe even improved on so that work will be preferable here. The only downside is that US taxes are so high that many non-targeted companies just decide to go abroad. Hopefully they’ll find a good way to deal with that.

Yeah pretty much, that’s one of our strengths actually… China… we’ll they are starting to have the same problem but they don’t have the immigration we have.

That is the unfortunate truth. I hope that changes though. We can only hope that TSMC and Samsung become succesfull here.

That's why there are subsidize and expection of higher chip price.

Yes, I agree. Well at least on the important things. China can keep their cheap clothes imo.

Why do you want to hurt Americans with high inflation?

@@spacetoast7783 The inflation is because many of our supply chains are overseas, they are being crippled with the Chinese lockdowns, and there is no industry to fill in domestically.

@@Allaiya. Okay? And?

@@spacetoast7783 And.. producing domestically will eventually help increase the supply & lower inflation....

You can report them. Go to the right side of the comment where you get the 3 verticle dots and click to report.

@@gtw4546 YT community army is busy tracking down "misinformation" covid and anti-left videos..

World Economy has been unstable for a long time. You can get ahead of it by investing in cryto with Binance. 🤣🤣🤣

Taiwan is incredibly anti-CCP so naturally they'll always be a US ally

Taiwan is incredibly anti-CCP they'll always be a US ally.

It’s too expensive.

usa's 92%

I mean America spends trillion dollars a year to secure it's interests and cementing a weakness this big is well worth it

Lucky I made $10k with crypto investment 😊😊

I'm from South Korea 🇰🇷 I think I'm interested how can I get in touch with Mrs Nelly

@@ezzyademu5708 I just contacted her and she attended to me nicely

I am from USA 🇺🇸 I used to take loans from the bank for survival but after trading with expert Mrs Nelly she changed my financial status for real

when someone is straight forward and good at what she does best people will speak for them for me I would say give Mrs Nelly of finance education a try and you be happy you did

If you don't need something, but someone still offers you something, would you take it? That' is kind of what he is saying.

they don´t need to produce in the US. the US needs them.

@@jam6636 they need us also. We are their biggest customers

@@Rudster14 what you are missing is that Samsung doesn´t need to produce in the US to sell to the US. Without incentives they are never going to relocate to the US

And how is CHINA going to affect what TIAWAN exports?

Everything shouldn't be made in the US due to comparative costs theory(lots of economics you aren't going to care about). Basically Germany and African countries trade goods like rubber and steel for tools and electronics sense each can make the other cheaper, faster and at better quality so it's easier just to make a surplus and trade those away for goods they'd taken forever to make themselves.

With automation, robotics, and AI, we will in the near future. Cheap labor won't be an issue.

I wish you would stop crying about inflation then.

@@spacetoast7783 What does inflation have to do with the topic?

@@RedRider1600 Inflation is an increase in prices, dawg. Do you have any other questions?

bro. things like textiles and low end manufacturing are nothing like semiconductors which are high profit and geopolitically significant.

Because it is. Where are all the mass-produced handmade American shirt and shoe factories?

@@spacetoast7783 sitting in foreign nations with dictators as we exploit their workers for cheap goods that are marked up to astronomical prices for our market just so multinational corporations can profit and avoid labor laws. But hey, lets not do anything to change that and just have a defeatist attitude huh?

@@IronskullGM Cool. We agree that it's not possible without massive price increases for Americans.

@@spacetoast7783 price increases are fine when Americans have stable employment with retirement plans. Sorry I don't think we should be supporting concentration camps and exploiting POC just because we want cheap prices. It's like buying Auschwitz products from the Nazis to save a buck and saying we can't stop because it's too expensive, some costs are worth the extra expense..

I like it, like OPEC but it’s actually useful!

I've always been fascinated with investing and as such would appreciate some help on how to go about it without incurring losses.Can you share the investments you have made and your experiences with them? Thanks.

@@janewoodley136 I engage in profitable investments such as:- real estate, NFTs, crypto and stocks and through proper advice and management by a licensed financial adviser (Hamilton Phoebe Zoe), I have achieved good returns on investment. I will recommend that you work with a professional for a better investment experience as well as a good return on investment.

@@mariebunel8617 I appreciate this information, how can I get in touch with your financial advisor as I am really interested and would want to start investing.

@@janewoodley136 As to get more details about my financial professional (Hamilton Phoebe Zoe); do an internet research with the full names above to easily approach her and as well write her.

Phoebe Zoe is all over the internet and her fantastic works are leading the way. It's really hard to find someone who is truly honest and genuine in what she does. seeing all these testimonials here, I would say that she has certainly gained a lot of fame.For such a person, who is sincere and good at what she does, we owe her our support and prayers.

With how much we need those two things go hand in hand. One cannot supply the entire US industry and not be the largest.

Import taxes are paid by the customers, not the exporter.🤦

I think this is called a tariff?

@@galens2543 Yes, it is Tariffs.

Steel tariffs just failed comically.

Why do you want high inflation? This will shrink the economy and hurt Americans.

The minerals come from China. So manufacturing close to where the the material is makes sense.

Irreversible? Not at all

Calling it irreversible is a bit dramatic. If anything China is making it look attractive by still locking down entire cities because of covid. Also all the technology to actually create semiconductor fabs is still developed and built in the US and Europe

@@nommchompsky More than half of the advanced chips are made in Taiwan. What the West does is sending designs to be fabricated in TSMC Taiwanese company. Also, when it comes to manufacturing of semiconductors in general, nearly 80 percent of the manufacturing capacity is located in east Asia.

@@abdourahmanealkhalifa191 I definitely agree that most capacity is in Asia, but it is in no way irreversible. The fabrication equipment used to produce those advanced chips is built in Europe and designed in America. TSMC buys those machines and ships them to Taiwan. As the video suggests, you can expect to see a lot of new fabs to end up in America instead of Asia. Covid has proven that supply lines are too delicate for such important manufacturing to be done abroad

Also the healthcare budget which is higher than the military budget (not forgetting that the majority of the military budget is specifically going to veteran healthcare). It’s such a joke since it’s caught up in so much paperwork and insurance policies that individuals have to pay more than any other countries personally and also by tax. Literally moving to a single payer system would free up so much individual money going into healthcare + tax expenditures.

No, considering current events and predicted threats, it would be foolish to take even a small amount away from our military budget. Considering we need to fight for our global dominance and most of the free western world relies almost squarely upon us for their protection. If we can get the chip manufacturing facilities here without taking away from critical military spending then why wouldn’t we do it?

@@PeterMuskrat6968 Ok paranoia Tim.

It's not about just throwing money at the problem and you'll automatically get global dominance. If that were true, China would have already caught up as they tried that. It's about human capital and experience. TSMC has spent decades perfecting it. That is not easily replicable.

they are sorted by color. Bottom is china then Taiwan then south korea then japan then europe and us at the top

also china makes many chips but low quality... taiwan is a much smaller country but makes much better quality chips. Thats also why china wants to "invade" taiwan

@@feuerherz007 I realised that after staring at it for several seconds, but I had to rewind and pause to get there. Considering the job of visualisations is to make data as easy to read as possible, this fails

@@indi8745 bruh but if you had a brain and seen that taiwan made chips before china in the statistic you dont even need colors to know which is which

China is not a major competitor in semiconductors. I have no idea how you got this idea in your head.

It's higher end chips that were in shortage, 5 and 7nm chips are basically solely made in Taiwan. If you're looking at laptops that aren't high end, sure, 10nm fills that gap. We won't see 5nm out of these fabs in the US for a while. Even longer to have a chance to catch up to Taiwan. It takes constant infrastructure upgrades to get there and that isn't how us companies work, too much constant investment.

You're wrong, Think about nand flash chips.

Memory semiconductor

The job creation is definitely going to be huge, +the security concerns being addressed are huge ngl. So yeah, there’s a lot going on this lol.

@@turbochad69 No, it's not huge. How many decades will it take for the taxpayers to recoup those funds? And who's to say that Samsung will even be operating that plant in 10 years.

it's really all tax avoidance (taxes the company would have paid to the city/area). the city will still get a windfall from all the increase in goods and services the employees will need, and the workers will also buy homes and pay property taxes.

$51 billion even if paid flat out is a bargain to get chip production here. Would you rather have more expensive cars, computers and more? The government does not need more money, they need to budget and be accountable for what they spend

Most of our supply probs are causing inflation, most of these blocks to make the things are because china. We see 52 billion but china put in the equiv of 1trillion Just to start new factories. The investment we are making is paltry.

The problem is US is not the most advanced tech in chip making. That's why US need subsidy to lure companies overseas.

China has no records in produce or export chip to US. They are net importer on IC.