Failing of the CHIPS Act

De: Simon Melbrook

Narrado por: Virtual Voice

The CHIPS Act of 2022 may be the only thing that has come out of Washington D.C. that matters for America's future for the past two decades. There's only one problem, i.e., they are trying to give free land to TSMC in hopes that they will move operations from Taiwan to the US. It's good in theory as the company controls 40% of the semiconductor market at this time, but it will be bad in practice for two reasons. First, TSMC isn't loyal to the US as they are Chinese; second, the junior engineers and people being educated in Taiwan at this time are highly unintelligent, meaning most wouldn't even meet the basic requirements to serve in the US Army. Buffet and Berkshire Hathaway dropped the stock like a pimp dropping a one-eyed hooker to her death to keep all the other working women scared and in line for good reason. Sadly, the CHIPS Act isn't about charity; it's about the future of the US. Young people in Taiwan, Hong Kong, Japan, and South Korea make the youth in Canada look smart, which says a whole lot. A private organization needs to be moving into Arizona with the foresight to automate, innovate, and bring the world's best and brightest engineers and material scientists into the country. This money must be used to create a semiconductor industrial park that brings the world to its knees and has every other manufacturer around the globe filing for bankruptcy, specifically, the monoethnic tribes called countries in East Asia, like China, Japan, etc... The money allocated to the CHIPS Act of 2022 could easily be squandered via malinvestment; it's time to disrupt the entire industry American-style.