reedak
Well-Known Member
- Joined
- May 1, 2014
- Messages
- 752
1. Intel Corp was set to erase nearly $10 billion in market value on Friday after the U.S. chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market.
The company predicted a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also struggled with slowing growth in the data center business....
Source Link: https://economictimes.indiatimes.co...lloff-in-chip-stocks/articleshow/97378476.cms
2. The US government is run by idiots who don’t understand the industry,” one of the founding fathers of America’s semiconductor industry told me after the Biden administration announced sweeping curbs on Chinese purchases of US high-end chips, fabrication equipment, and design tools. The Biden measures also forbid American citizens or residents from working in China’s chip industry.
America is in a full-scale economic war with China, but Washington has brought a knife to a gunfight. China’s subsidies to its nascent chip industry are four times the Biden administration’s proposed support for American manufacturers. That doesn’t augur well for American victory.
This isn’t a drill. After the Trump administration banned high-end chip sales to China’s Huawei in 2020 and shut down its 5G smartphone business, Harvard guru Graham Allison asked, “Could the US attempt to enforce that ban become a 21st-century equivalent of the oil embargo the United States imposed on Japan in August 1941?” The latest Biden measures extend the Huawei ban and more to the whole of Chinese industry. I don’t think China will respond by seizing Taiwan’s state-of-the-art chip fabrication plants, which make 70 percent of the world’s advanced semiconductors. Instead, China will dig in for an economic war of attrition that it may well win....
Source Link: https://compactmag.com/article/fighting-a-chip-war-on-the-cheap
3. In an earlier post, I commented that the US is paving the way or planting the seed of disaster for the global semiconductor industry some years down the road. Alas, the US chip and other tech industries (dragging the global tech industries along) are collapsing like rotten apples faster than I have expected.
China has not done much to counter the US trade curbs and chip war, but wait patiently for Rip Van Winkle Sam to sleepwalk into the very hole he has dug for himself. Now with a long queue of US companies laying off workers around the world, plus the "historic collapse" of Intel, China can claim to win the first round of the chip war.
The "gas-emitting" White House Incumbent seems to be confusing semiconductor chips with potato chips. Unlike the daily consumption of potato chips at fast food restaurants, we do not need to buy new chips for a computer or a handphone or any electronic product everyday. We also have to take note that ordinary people have no need for chips used in missiles or warplanes.
4. At the signing ceremony of a bipartisan bill, dubbed the Chips and Science Act, the "gas-emitting" White House incumbent said: "Today is a day for builders. Today America is delivering."
When we look at Intel's "historic collapse" and more than 58,000 workers in US-based tech companies have been laid off in mass job cuts so far in 2023, it is "deliverance" indeed for those retrenched workers and lossmaking businesses. Those lossmaking firms should "deliver" their huge surplus of unsold chips to the "gas-emitting" White House incumbent. If he could not consume them like potato chips, he should beg his Chinese counterpart to pick them up on the cheap on behalf of Chinese firms.
Additional Reference:
nationalinterest.org
www.city-journal.org
www.reuters.com
news.crunchbase.com
indianexpress.com
www.cnbc.com
www.houseofpolitics.com
study.com
The company predicted a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also struggled with slowing growth in the data center business....
Source Link: https://economictimes.indiatimes.co...lloff-in-chip-stocks/articleshow/97378476.cms
2. The US government is run by idiots who don’t understand the industry,” one of the founding fathers of America’s semiconductor industry told me after the Biden administration announced sweeping curbs on Chinese purchases of US high-end chips, fabrication equipment, and design tools. The Biden measures also forbid American citizens or residents from working in China’s chip industry.
America is in a full-scale economic war with China, but Washington has brought a knife to a gunfight. China’s subsidies to its nascent chip industry are four times the Biden administration’s proposed support for American manufacturers. That doesn’t augur well for American victory.
This isn’t a drill. After the Trump administration banned high-end chip sales to China’s Huawei in 2020 and shut down its 5G smartphone business, Harvard guru Graham Allison asked, “Could the US attempt to enforce that ban become a 21st-century equivalent of the oil embargo the United States imposed on Japan in August 1941?” The latest Biden measures extend the Huawei ban and more to the whole of Chinese industry. I don’t think China will respond by seizing Taiwan’s state-of-the-art chip fabrication plants, which make 70 percent of the world’s advanced semiconductors. Instead, China will dig in for an economic war of attrition that it may well win....
Source Link: https://compactmag.com/article/fighting-a-chip-war-on-the-cheap
3. In an earlier post, I commented that the US is paving the way or planting the seed of disaster for the global semiconductor industry some years down the road. Alas, the US chip and other tech industries (dragging the global tech industries along) are collapsing like rotten apples faster than I have expected.
China has not done much to counter the US trade curbs and chip war, but wait patiently for Rip Van Winkle Sam to sleepwalk into the very hole he has dug for himself. Now with a long queue of US companies laying off workers around the world, plus the "historic collapse" of Intel, China can claim to win the first round of the chip war.
The "gas-emitting" White House Incumbent seems to be confusing semiconductor chips with potato chips. Unlike the daily consumption of potato chips at fast food restaurants, we do not need to buy new chips for a computer or a handphone or any electronic product everyday. We also have to take note that ordinary people have no need for chips used in missiles or warplanes.
4. At the signing ceremony of a bipartisan bill, dubbed the Chips and Science Act, the "gas-emitting" White House incumbent said: "Today is a day for builders. Today America is delivering."
When we look at Intel's "historic collapse" and more than 58,000 workers in US-based tech companies have been laid off in mass job cuts so far in 2023, it is "deliverance" indeed for those retrenched workers and lossmaking businesses. Those lossmaking firms should "deliver" their huge surplus of unsold chips to the "gas-emitting" White House incumbent. If he could not consume them like potato chips, he should beg his Chinese counterpart to pick them up on the cheap on behalf of Chinese firms.
Additional Reference:
Biden’s War on Chinese Computer Chips Harms Americans
A less confrontational approach towards Chinese chipmakers would reduce inflation and stem the escalatory spiral of economic warfare between the United States and China.
nationalinterest.org
Why CHIPS Won’t Change the Game | City Journal
Government subsidies can’t overcome regulatory obstacles to American industrial competitiveness.
Warren Buffett says U.S.-China trade war would be 'bad for the whole world'
Warren Buffett said on Monday that a trade war between the United States and China would be "bad for the whole world."
www.reuters.com
Biden Signs China Competition Bill To Boost US Chipmakers - Slashdot
President Joe Biden on Tuesday signed a bipartisan bill that aims to strengthen U.S. competitiveness with China by investing billions of dollars in domestic semiconductor manufacturing and science research. From a report: "Today is a day for builders. Today America is delivering," Biden said at...
politics.slashdot.org
Tech Layoffs: US Startups And Tech Companies With Job Cuts In 2022 and 2023.
More than 58,000 workers in U.S.-based tech companies have been laid off in mass job cuts so far in 2023, per a Crunchbase News tally.
news.crunchbase.com
Meta, Amazon lay off thousands in US as recession worries mount: Here’s who has cut jobs
Job cuts announced by US-based employers jumped 13% to 33,843 in October last year, the highest since February 2021, according to a report.
indianexpress.com
Here's a rundown of tech companies that have announced layoffs in 2022
Meta cut 11,000 jobs Wednesday in the biggest tech layoff of 2022. It's not alone.
Japan and Netherlands agree to join the US chip curbs against China
1. (Reuters) -- Japan and the Netherlands have agreed in principle to join the U.S. in tightening controls over the export of advanced chipmaking machinery to China, Bloomberg News reported on Monday, citing people familiar with the matter. In October, the Biden administration published a...
www.houseofpolitics.com
Rip Van Winkle: Allegory of the American Revolution - Video & Lesson Transcript | Study.com
Washington Irving's story of ''Rip Van Winkle'' is an allegory, or story that has a hidden meaning, about the American Revolution. Learn about the...
