The Intel fiasco is a key indicator of how reshoring is going to fail. The CHIPS Act was $50 billion and promised 15,000 new jobs, and instead Intel skimmed their money and are now firing 10,000 people. So here's likely what will happen
1. US domestic industry becomes completely uncompetitive and remains so for at least 10-15 years
2. TSMC becomes the new de facto monopoly
3. US becomes completely reliant in TSMC, in the event of Taiwan being annexed the American MIC copes about it being "just fine" that all their hardware has backdoors built into them by the Chinese.
Louis Condé /
npub19q…hnadt
2024-08-03 17:36:55
Author Public Key
npub19qakwsuc083rp9557vmnju4e52pd9wzy886dslfem5vc7sfyz66suhnadtPublished at
2024-08-03 17:36:55Event JSON
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