The Biden administration is launching a new high-priority effort to out-compete China in a key sector: semiconductor chips. CNN's Jeremy Diamond and Rep. Haley Stevens (D-MI), who sits on the new US House Committee to focus on strategic competition with China, join CNN's "At This Hour" to discuss.
#cnn #news
Good plan. More needs to be produced in the USA, including pharmaceuticals.
Have you looked at the bill that have already passed within the last 2 years??? pharma is not in sight……..humans are expendable, robots that will replace you are not.
@Steve Bee: What poor decisions? Prove to me that you’re not just plain partisan stupid. You’re full of stupid cliches you picked up at right wing opinion sites, so you got nothing original to go on. I’m going by what I see going on around me. What about you? You going to blame inflation on Joe Biden? It’s a worldwide phenomenon. Most of the time you people don’t know what you’re talking about. You’re just pissed off all the time and you’re not even really sure why. But you need to blame somebody.
@Tactical Pants lol so funny.
@Alric the Redif you lived in my great country, the USA, you would be experiencing and witnessing all Biden’s poor decisions. From the gas prices you’re paying at the pump, the increase at the grocery stores and the high interest rates on your credit cards. It’s all Biden’s fault and that’s the reason his approval rating is so low. When people said, anyone but Trump, they had no idea how bad it could really get.
“From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand.” Matthew 4:17
“Ye have heard that it hath been said, An eye for an eye, and a tooth for a tooth: But I say unto you, That ye resist not evil: but whosoever shall smite thee on thy right cheek, turn to him the other also.” Matthew 5:38-39
“And when thou prayest, thou shalt not be as the hypocrites are: for they love to pray standing in the synagogues and in the corners of the streets, that they may be seen of men. Verily I say unto you, They have their reward. But thou, when thou prayest, enter into thy closet, and when thou hast shut thy door, pray to thy Father which is in secret; and thy Father which seeth in secret shall reward thee openly.” Matthew 6:5-6
The USA has been cut off from our main supplies from China for years now.
This is the opportunity to stop relying on them for future products.
This starts with corporations not making insane profits.
Yes a person that owns a business should be able to enjoy the reward of their labor.
But when the people are suffering to allow them the opportunity to reap these rewards is pathetic.
Corporations can bring back factories to the USA if the CEO’s could just figure how to live off less than $23 Million a year.
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CCP has created a middle class , they enjoy prosperity , this changes , CCP control is threatened . , interesting times ahead
@Paul Smegal Take your time. Apple has doubled down on China.
Lol – I can remember my grandparents calling the TV repairman to replace vacuum tubes in their beloved RCA set. We’ve come a long way, baby! The ‘internet ‘is basically just in its “early adulthood” on the world scene. Just imagine what the future holds…!! 😃
These are extremely good jobs. CHIPS is a huge deal re national security in multiple ways.
No one wants to work. They want to hold signs on street corners.
what kind of chips??
“It’s a security risk”..Meaning the US can’t be reliant on Tawain (#2 producer in world) and Japan (#1) for semi-conductors when those sources could become at risk in the future.. Good move
Yes, too much manufacturing is centralized in Asia. And I love Asians, but the Chinese government is becoming too untrustworthy.
Brilliant ! Making sure that the U.S. can be independent by producing micro chips! 👍👍👍
@Incisive Commenter I am old enough to remember that the Japanese products used to be laughed at for its poor quality back in the 50’s and 60’s. Chinese products are going through the same process of improving quality over time and they are catching up real fast.
@Walter Black Rest assured, the cost factor alone will ensure that the TSMC in Arizona will never be competitive.
And not sell any to China. Let their economy collapse.
@ANDY VAN KERKHOVE So what? Western companies are moving their manufacturing out of China. Mexico is actually our largest trading partner. They surpassed China years ago. 2-3 years from now nothing will be manufactured in China and they will go back to Mao era poverty.
@hyracer
3 years ago, the usa imported 7 million barrels of oil Every DAY.
We need to understand what the industrial chain means. Whether American workers are qualified for chip manufacturing. That’s why TSMC’s prospects in arizona are still underwhelmed after a $40 billion investment. Although I think America has to win.
$40 billion will build you one moderate sized cutting edge fab, and given american construction efficiency and tendency for cronyism. it will be 5 years late and have teething problems.
I doubt the west can and want to go back to industrial production, I think I’ve heard this story for about 15 years now but it remains the same. One of the problems is that people don’t really need to work in similar ways as they have to do in many developing countries and it’s too expensive plus taking regulations into consideration it seems we are on the loosing side.
They were the ones that made the chip and used to manufacture them here before. I’m sure they will be able to do it again. China on the other hand, has waster hundreds of billions of dollars and got nowhere.
I remember when the Russians would order Pacman/Mrs. Pacman arcades from the U.S.. Just for the computer chips.
Hell yea we need to be sure that if things go bad with China we can produce anything we need , hopefully things stay cool with China but if not we have to protect our industry’s, economy and county.
well, your government is already pushing for war. i wish the Chinese good luck.
Everyone needs to get behind the concept of bringing manufacturing back to the US! And I’m not just talking about microchips, but ALL manufacturing!
@n?a absolutely !
@n?a True dat.
@lifeisacarnival1359 so that’s why we need to bring back those companies and automate them. That way we can produce at cheat cost and pay well to the technicians. Get rid of the low skill worker and work with new generation to make more technicians.
@life is a carnival / I guess that explains his confidence in keeping some of his off shore accounts in China.
@RBS Probably. Trumpers want to chant about “China Joe”, but Trump’s business links with China, including the loans he’s received, indicate that he’s a lot more involved with them than Biden ever was.
Corporations as soon as they start making millions they totally forget about motivating young people about looking forward to working in that industry, that’s what is wrong in America. I was in elementary school when we had a school tour at Bell and they told us about every department and the type of career jobs required for employment there.
Congratulations Biden. You’re great democracy’s leader in the world right now..
Wrong more like a pile of sh** at the bottom of the commode.
I am SO HAPPY, literally cheering, after hearing Rep. Stevens talk about her plan and bipartisan support for semiconductor manufacturing in the U.S. I work in the private sector of robotics and we’ve been really feeling the chip shortage. Some companies have gone out of business because of it! I’m so happy we’re taking this seriously and taking action. I wish there were something I could do to help the movement.
There is hardly bipartisan support.
House and Senate Republicans do everything to stop the Biden admin to be successful in this and other matters that actually do SOMETHING for the working class men and women in the USA.
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It’s interesting how this argument oscillates from year to year. One year we’re all “world trade” and then after trusting trade partners we go back to protectionism. But it’s usually after our trust (or their trust) is betrayed.
Good move !!! Bring the manufacturing home for safety & economic base !!
The Semi conductor push is in our nations interest. For its about time, we’ve always been competitive and great to have leaders pushing us to reclaim our manufacturing position in the world in which we were left far behind, so yes, I support the push am sure China would not care if it’s in negotiations with the US when they decide to release anything that benefits China or any other nation they would always do what’s in the best interest of their own nations so this is business and we want it back its a start and a veey goid one..
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