We the People are yet again being subjected to the Left’s ridiculous torture of the English language.
Thankfully, not everyone is playing linguistic Torquemada.
One thing we (re-)learned when US governments imposed their China Virus lockdowns? We have outsourced the manufacture of WAY too much very important stuff. A LOT of it to a nation very hostile to ours.
And here’s yet another crucial thing of which we make far too little ourselves – and of which China makes far too much for us.
Even more excellent news.
First – a simple definition. What are semiconductors and their chips?:
“Found in thousands of electronic products, a semiconductor is a material which conducts electricity….
“In broad terms, semiconductors can be classified into a small number of categories including memory chips, microprocessors, and integrated chips.”
No big deal in today’s world. Just the essential core of “electronic products” – like every single computer, smartphone,….
Here’s some more excellent news….
“In 1990, the U.S. and Europe produced more than three-quarters of the world’s semiconductors. Now, they produce less than a quarter. Japan, South Korea, Taiwan and China have risen to squeeze out the U.S. and Europe. And China is on pace to become the world’s largest chip producer by 2030.”
Oh look – China yet again. Even more excellent news.
Our making hardly any for ourselves – is very, very foolish. Relying on China – at all, let alone a lot – is very, very foolish.
“Last year, semiconductor supply was interrupted when demand growth coincided with pandemic-related disruptions to global supply chains, shuttering manufacturing lines in key industries and slowing delivery of essential products.”
And as important as semiconductor chips are today? They will be even more important tomorrow.
“The world’s feverish demand for chips won’t cool off anytime soon….
“The global semiconductor market could still expand at a compound annual growth rate of 10% from 2021 to 2026…as companies across a wide range of industries purchase more chips….
“Electronic devices will need an increasing number of chips as they become more advanced….That supply crunch will likely replace the old chipmaking cycle, which had clearly defined peaks and troughs, with a new ‘super cycle’ of fresh growth in which an abundance of new technologies beyond PCs, data centers, and mobile devices spark constant demand for new chips.”
So domestic chip production – is a national security imperative. Almost all the way up there with food.
You say you want real, modern infrastructure projects? This is about as “it” as it gets.
“A bipartisan group of more than 70 House and Senate lawmakers on Monday called on President Biden to support funds for semiconductor research and manufacturing as Biden hosted a meeting with technology leaders to discuss a critical shortage in chips.
“In a letter to Biden spearheaded by Sen. John Cornyn (R-Texas), the lawmakers asked that he work to fund initiatives for semiconductors created by the CHIPS for America Act, legislation included in the most recent National Defense Authorization Act, noting the need to compete with China.”
How obvious is this? Even President Joe Biden gets it.
Eventually, the domestic semiconductor industry will be (very) profitable – and thereby self-sustaining.
But after our decades of outsourcing (to China) stupidity – we must now spend government money to play domestic catch-up. Infrastructure, if you wish.
To address a few little things. Like our national and economic security.