US warns losing access to Taiwanese chips could break the economy

The Register ^

[US_MilitaryRules]

Good thing paul piglosi knew about this to do some insider trading!

[Cobra64]

Duh. Anyone with half a brain cell saw this YEARS ago.

[Flick Lives]

Raimondo believes the US would go into a “deep and immediate recession” and face great security risks if it lost access to the island nation’s chips

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Bright bulb. She just figured this out after a year-and-a-half.

[RetiredTexasVet]

I wonder if the department head ever thought of generating the capabilities in the US. Slow Joe has to have the most incompetent and corrupt cabinet ever.

[SaveFerris]

Woohoo! 🎉🎉🎉🎉

More money for Nancy!!!!

[Karoo]

Dims don’t think

[butlerweave]

There go Buttplug’s EVs

[rbg81]

There used to be a Defense Industrial Board that looked at these issues. It was eviserated by both Bush I and Clinton.

[frank ballenger]

Darn, we were so close to a new economic golden age due to the brilliant and forward thinking Biden policies.

So close.

[SaveFerris]

(it’s a scary scenario,” Raimondo told CNBC. “It’s a deep and immediate recession. It’s an inability to protect ourselves)

This is known as Building Back Better(TM).

[CatOwner]

Duh. Anyone with half a brain cell saw this YEARS ago.

Anyone with half a brain should have fought this YEARS ago. The American people do not get a pass for this.

[Seruzawa]

Who knew there was an extra 52billion laying around to be “unlocked”?

[ActresponsiblyinVA]

Why not bring this back to the US? Are the dems focusing on other needless items?

[TigersEye]

I got news for ya, Gina. It’s already broken.

[Cold Heart]

Quit putting chips in places they are really not needed.

[EEGator]

I think TSMC is setting up a facility in either Arizona or Texas.
It takes years to build out the facility.

[Cobra64]

Yup. It appears there are very few informed American patriots in DC.

[milagro]

You forgot EVIL!

[Ex gun maker.]

There was a time many years ago these chips were made right here in the USA.
Santa Clara CA and probably other locations as well.
I know this is true because I helped my brother fill out his job application to work there.
They even hired him, and he bragged about having that manufacturing job like he had invented the chips.
Of course that is not the most “Green” process imaginable and actually a bit hazardous.
Couple that with offshoring GREED and it is no wonder we now have to beg for critical components from overseas.