5 Comments
Oct 17, 2022Liked by Liberty

What was your input for the AI? Do you just drop a bunch of text from your newsletter in there?

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Oct 17, 2022Liked by Liberty

The comments about the Chinese semiconductor industry are abysmally uninformed about the industry.

China is already self sufficient and a major producer of the less than top tier chips. The only semiconductor manufacturing annihilated in China is the sector that relied on American and Euro advanced technology. That is a small percentage of the semiconductor industry and has no impact on key sections of industry.

Many of the U.S. citizens working in China are actually Chinese who came to America, studied, got visas and then naturalized. They were part of a government program supporting such students. They are Chinese, in origin, language, culture, thought and loyal to China. They would like nothing more than to particicipate in China's attempt to leapfrog to top level chip making.

Meanwhile, the American makers of top level chips just lost anywhere from twenty five to forty five per cent of their market depending on the company being studied. China was the largest consumer of such chips. No more. Now they are pulling out all stops with a massively financed program of import substitution.

Biden's program does little to accomplish what it wants but severely hampers American chip design industry at a time when financing is in short supply.

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