Big news no one is talking about…

Well…read an article yesterday that seems to me to be a pretty big deal but no one is talking about it…just the other day, the Biden administration put new restrictions on chip sales to China, restricting those for AI and high performance computing and the machinery to make these chips…curbs to the machinery necessary to make logic and memory chips and restrictions on US people supporting the development or manufacture of those chips…and bans exports of American designs to China and and stops them from buying tech…and the reason is the well known tactic that China uses to steal US technology and then use that tech to try to monopolize chip production by undercutting prices of other manufacturers and tryin to put them out of business so you have to go to China…and the folly of depending on China is exactly what happened during the pandemic….shortages of chips and huge negative effects on the US economy. It appears to me that this is all part of insulating the US economy from supply chain problems by not relying on China for chips necessary for damn near everything, starting with the auto industry, and is part of the announcements of 50 billion dollars in chipmaking capacity that has been happening almost daily since Biden took over…this is what happens when you elect an intelligent, experienced person to be president and who surrounds himself with knowledgeable, competent people who can understand global commerce and the dangers that parts of it poses….every day, I’m glad that Biden and his team are in charge…the US is moving forward because of it….

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>