Posted on 01/19/2015 7:38:53 AM PST by blam
January 17, 2015
Money Morning
Michael A. Robinson writes: This year, 80% of the chips for new PCs will be produced in Silicon Valley Taiwan Chinas Shenzhen Province South Korea
Wrong on all counts.
More and more of todays chipmakers locating their manufacturing facilities a bit off the beaten path these days in one of the worlds fastest-growing economies and a nation that some of you may find controversial.
But my job is to take you wherever the biggest innovations are being made so that we can find the biggest opportunities. So, today Im going to show you exactly where so many of worlds top tech companies are headed.
Intel Inside Vietnam
Many investors might be tempted to steer clear of Vietnam because of the way the U.S. conflict ended there and the political upheaval it caused back home.
As someone whos kept an eye on this controversial nation for more than 40 years, I believe thats a lot of noise. And you know what Rule No. 2 says about that separate the signal from the noise.
Vietnam is an economy that boasts impressive economic growth, and that offers tech investors many hefty and growing opportunities.
Gross domestic product in 2014′s third quarter grew 6.19% from a year earlier. And for the first nine months of last year, industrial output grew 6.7%, and exports rose 14.1% from a year earlier to $109.6 billion.
As I said above, 80% of this years central processing units (CPU) for PCs will be made not just in Vietnam, but in a single location Saigon Hi-Tech Park.The sprawling facility sits just off Hanoi Highway less than 10 miles from Ho Chi Minh City, the nations capital.
(snip)
(Excerpt) Read more at marketoracle.co.uk ...
What a fascinating individual!
Thank you for the most interesting bio.
What a fascinating individual!
Thank you for the most interesting bio.
I understand that feeling and I'm certainly not looking for a fight. But when do we stop being enemies?
Two of our closest allies, Germany and Japan, were our bitter foes 70 years ago. Is Spain still our enemy? The British? Are we still fighting the Barbary pirates? OK, bad example perhaps...
I think much of the animosity, I'm guessing really, comes from the fact that we lost that fight in Vietnam. A political decision was made, in effect, to cut and run.
Besides, I thought the Vietnamese were on our side. Some of them anyway. We welcomed tens of thousands as refugees after Saigon fell.
No, I don't agree that we dishonor our vets by doing business with Vietnam. My beef with Vietnam is the same one I have with China. They are totalitarian systems that maintain power and social control via the threat of violence and imprisonment. I think they have more to answer for in the present than for forty years ago.
Only a true s.o.b. like Mencken or perhaps Ambrose Bierce would say such a cynical thing. I love it.
We're watching all this play out again in current events and just 90 miles off shore. Our relationship with Cuba is being rewritten.
Necessarily, history will have to be rewritten as well.
totally bookmarking this just to go back and reread that wiki link. Man alive, they don’t make them like that anymore.
“The pennies per dollar saved causes economic/social chaos in the lower class (most vulnerable) and in the long run more expensive than using home grown labor.”
Only the government of a country can control the cost of the business environment, regulation, legal representation and taxes. If there is economic and social chaos in the lower classes, they have only government to blame, and themselves for voting the idiots into power.
In the long run, our country has failed at all of these and business has done the logical thing - taken its money and gone where it is welcome. Lower costs of labor. Lower taxes. Appreciated. It isn’t coming back. I don’t foresee the day America will wake up, though I confess I used to buy the lie that Republicans believed in all the good things. Their actions say they like it as it is now.
Vietnam is happy to get the jobs that are too expensive here. Capital is fleeing daily. Money is moving toward Asia, where the middle class is expanding instead of collapsing, like my own USA...
Mine capital is gone. My businesses here are a memory. No longer a single employee here.
Gone Galt. Gone independent. Gone direct. Gone.
I have a 47 year old friend who is still fighting the Civil War.
“Global economy of cheap labor was the end of free enterprise here.”
Industry came here because of cheap labor. The end of free-enterprise is brought to you by government.
I did six months of one-on-one Spanish lessons several years ago using Skype with microphone and webcam. Cost about $50/week for three one hour sessions. My teachers, very professional university grads, were in Guatemala and I was in New Hampshire. They delivered a first class product. I would recommend them in an instant.
What would that have cost me here in the States I wonder?
There’s a lot of Japanese investment there. When I went back with my daughter in 2000 we stayed at the “Furama” Resort on the old China Beach. Very classy.
How do you know who is outsourcing design work?
I worked for Fairchild but in Maine. I got out there a few times. Wagon Wheel for drinks and a place down the road, Iron Works I think - Mexican food.
Thanks for the info....stay safe !
Absolutely; the war is treated as a “misunderstanding” that cost a lot of American lives (and ruined many more) while killing millions of Asians in both Vietnams, Cambodia, and Laos...
The British are the only ones you cited where we eventually made peace with the same government we fought against (and it was many decades later).
Funny how things work out...National eventually bought Fairchild and TI eventually bought National...I retired from Texas Instruments at the end of 1994. (Actually, I went Galt and never looked back)
You missed the Schlumberger acquisition :-)
I left FSC for DEC and when they imploded I got out of direct involvement in the semi industry. Retired a few years ago. Probably before I should have but the timing was right and no regrets.
No, one taxes the Invoice and believe me the hours are tracked and there will be an Invoice.
done the logical thing = traitorous
The future for free traitors
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