Sorry Gina, the chip industry isn’t coming back to America

Asia Times ^

[ChuckHam]

Interesting. Who were the three that met the lightning up close and personal?

[cymbeline]

“a long and complex supply chain is highly exposed to disruption.”

That is true and I almost wish for more disruptions to motivate us to make more of the stuff we buy.

[existentially_kuffer]

Alexandria Ocasio-Cortez Celebrated Amazon Pulling Out of New York––But the Governor Says It Cost the City 25,000 Jobs Rep. Alexandria Ocasio-Cortez declared victory when Amazon announced Thursday that it would not build a second headquarters (known as HQ2) in Queens, New York. Gov. Andrew Cuomo called it a “lost economic opportunity” and blamed “a small group [of] politicians [who] put their own narrow political interests above their community.” The dispute between the two Democrats lays bare a divide over the plan to offer $2.8 billion in tax breaks for Amazon to establish a major presence in New York City. On one side, old hands like Cuomo; on the other, the newly insurgent, left-leaning wing represented by Ocasio-Cortez. In part & credit to Time Magazine

[af_vet_1981]

I believe in God. I don’t agree with your definition.

As do the Muslims

[FarCenter]

>>After graduation, they are hired by a Party-run company which turns out a product with the cheapest materials possible, for the most profit possible, while still being able to pay the highest brides.

How does this differ from the US system where they are hired by a private equity run company which which turns out a product with the cheapest materials possible, for the most profit possible, while still being able to pay the highest private equity fees?

[PIF]

Except your analogue is false.

[BobL]

“Interesting. Who were the three that met the lightning up close and personal?”

Amnestynone
Timber Rattler (awww)

Uncle Lonny got a week to think about it.

[Alberta's Child]

If you want to see a good indicator of how the U.S. would operate under a trade environment with steep tariffs, I think the electric vehicle (EV) industry offers a great case study for us. The government involvement in promoting and subsidizing EVs has results that are identical to what you'd see in tariff-protected industries. And as we can see with EVs, there are several major downsides to this kind of arrangement for ordinary Americans:

1. EVs that meet domestic production standards are heavily subsidized by the U.S. government.

2. They are inferior to their non-EV counterparts by almost any measure that would be considered important by most U.S. consumers.

3. They are more expensive than their inferior counterparts.

4. The entire industry only exists because of laws and regulations that are designed to support these inferior products and drive the superior products out of existence.

I have no problem using tariffs to generate tax revenue and protect U.S. industries, but it's important that we don't end up protecting abject idiocy masquerading as sound economic policy. Item #4 is important. Protecting, promoting and subsidizing manufactured products that are a step backwards by almost every relevant measure is lunacy.

[BobL]

I think that guy is a union man, so he shows the same mindset, which is that as long as I have a job, what does it matter if the country gets destroyed around me?

[antidemoncrat]

“Texas Instruments selects Sherman for potential $30 billion semiconductor chipmaking campus”

Maybe what you said was true but now chip making companies in the US seem to be second in line for Government $$$ support for chip makers. L
Looks to me why some of their chip making was done overseas was because they bought out the companies that were actually owned by overseas companies like Spansio nand SMIC.