patrick.net

Another way to bring it back, and other manufacturing back also, is to crash the dollar.

https://www.lynalden.com/january-2022-newsletter/?source=patrick.net

Japan and Germany became major exporters at our expense, and for example, their auto industries thrived globally while the US auto industry faltered and led to the creation of the “Rust Belt” across the midwestern and northeast part of the country. And then China grew and did the same thing to the United States over the past twenty years; they ate our manufacturing lunch. Meanwhile, Taiwan and South Korea became the hubs of the global semiconductor market, rather than the United States.

The top 10% or so of the US income spectrum benefited from this policy at the expense of the bottom deciles. If you worked in healthcare, government, technology, media, or finance in the US, you got all of the primary benefits of living in the country with the global reserve currency, without the drawbacks. But if you worked in manufacturing or other blue collar jobs centered around manufacturing (including various service jobs in manufacturing regions), you got some of the benefits but also got the full force of the drawbacks (lost jobs, suppressed wages, economic stagnation, etc).

Intel will drop $20Bn to make new fabs in USA - Ohio or NY.

Hircus says

TSMC is building a plant here

In Phoenix baby! Just bought a rental close by!

Patrick says

Japan and Germany became major exporters at our expense, ... And then China grew and did the same thing to the United States

I watched a few mini documentaries on the chinese in zambia and botswana. The chinese are quickly becoming the ones who run the businesses, and the locals the ones who provide the peasant labor, while complaining the chinese are taking over everything, while they remain relatively poor.

The cycle continues. Just like we gained knowledge and then used our knowledge to be the managers and business owners who tell peasants chinese how to labor for us, the chinese are now becoming the managers who tell peasant africans what to do.

The locals claim the chinese corrupt their government with money, in order to keep the gravy train of money flowing. For example, the chinese owns their roads, their rail, and their copper mines, and they use them to rapidly loot the minerals from the country. Good leadership would use their mineral wealth to enrich their citizens, but due to corruption, the chinese can just pay a few politicians handsomly, and keep it for themselves. All the factory equipment, assembly lines etc... are made in china, via chinese labor, to chinese benefit.

I imagine the chinese learned this from us.

I always figured Africa would be the last area to be exploited for cheap labor. Large Population. Many Natural Resources.
The Chinese have a tactic where they loan money to businesses, and when they can't repay, they loan shark them into full Chinese ownership. One country (Djibouti?) elected a new Leader and he decreed "Yeah, we're not gonna pay any of that money back. GTFO, China."

Intel announces 20B chip plant in Ohio
https://finance.yahoo.com/news/exclusive-intel-reveals-plans-massive-030000760.html?source=patrick.net

“Our expectation is that this becomes the largest silicon manufacturing location on the planet,” Intel CEO Pat Gelsinger told TIME; the company has the option to eventually expand to 2,000 acres and up to eight fabs. “We helped to establish the Silicon Valley,” he said. “Now we’re going to do the Silicon Heartland.”

...

Supply chain bottlenecks have motivated big companies to start increasing capacity in the U.S.; Intel itself said last year it would spend $20 billion to build two major factories in Arizona, and in 2020, the global leader in chip manufacturing Taiwan Semiconductor Manufacturing Co. (TSMC), said it would spend $12 billion to build a semiconductor factory, also in Arizona. Samsung is investing $17 billion in a chip plant in Texas.

...

To create a more reliable supply of chips, the federal government is weighing providing incentives for chip makers in the U.S. The CHIPS for America Act, passed last year, authorized federal investments in chip manufacturing, but it did not provide funding. The Senate passed $52 billion in funding in June, but the House has not passed the legislation.

I found this breakdown in another article https://www.visualcapitalist.com/top-10-semiconductor-companies-by-market-share/




I bet everyone is scared of the taiwan TSMC situation - if chyna seizes them, all their chips will become spyware.

rocketjoe79 says

Intel will drop $20Bn to make new fabs in USA - Ohio or NY.

I thought that both places were getting one.

rocketjoe79 says

I always figured Africa would be the last area to be exploited for cheap labor.

Last and maybe also the first. Isn't that what slavery was?