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 Conde /
npub12x…4vshq
2024-08-03 19:36:55
Author Public Key
npub12xezenjha85pkcv67l5wa5tucre2cvd6nd0x74hy4y8du6ak9ulq34vshqPublished at
2024-08-03 19:36:55Event JSON
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