Dementia Biden trying to kill all the American chip manufacturers, including Samsung and TSMC

I could not stem my laughter seeing Biden breaking ground for a chip manufacuring plant in the USA, with a big sign reading 'Made in America'.

What does the USA make all the past decades but wars all over the world, weapons of destruction, destroying legitimately elected regimes, creating genocides and manufacturing lies and propaganda. Those are their greatest ability.

From George W. Bush's gloating display of a 'mission accomplished' big banner strung across the bow of a warship, but leaving Iraq still in turmoil after 20 long years. So much for bringing democracy to Iraq. What they accomplished was the stealing of Iraq oil, and I believe that was their main objective all along.

Trump also gloated about trade war against China as 'easy to win'. His favourite banner was 'Make America Great Again'. After trade warring for several years, who is winning? Easy to win means just easy to brag about, but difficult to accomplish.

Now, coming to Biden, he also has another big thing that he initiated, and that is a Chip War against China. He is asking global chip makers to form an alliance to strangle China. Biden can open as many chip manufacturing facilities like MacDonalds outlets, getting all the world's top chip manufacturers to do their manufacturing in the USA, but who are they planning to sell to?

China accounts for 72% of global demand for chips, and in anticipation of what the USA is doing today, China had and is investing huge sums of money to be self reliant on mainly matured chips, that are required for cars and home electronics. Biden is basically pushing China to 'decouple' from other chip makers faster than ever. Is that a good plan for those chip manufacturers from Taiwan, Japan and South Korea, not to mention those in USA having to compete with each other on USA home ground? The market is still China for years to come.

Right now, chip manufacturers are cutting prices and dumping inventories to cut losses, and it is affecting chip equipment makers as well. Thinking of it, where does the shortage lie or is it man made, as in energy to make Russia collapse? Due to cutback on Mobile Phone production, high end chips are facing overstock. Coupled with the ban against exports to China, the situation can only get worse. Huawei is already using certain of it's inhouse produced chips for components in it's 5G base stations and phones.

Yes, the USA can lure all the chip manufacturers to their shores to kill each other, without the China market. It is as simple a reality as that! Lifting a huge stone to clobber China is going to land on it's own feet, just like against Russia.

Anonymous