Even though Trump is not perfect, he’s a great leader. His incentive to bring foreign manufacturers to the USA is paying off, and he’s one step closer to making the USA great again.
The fact that chips and semi-conductors are going to be manufactured on a big scale in the USA is perhaps one of the most important stories to be told. Mr. C. C. Wei is Chairman and Chief Executive Officer of Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) who has already invested $65 billion and is now investing another $100 billion. This incredible story will mean 40% of the world’s production will be brought to the USA meaning thousands of highly skilled jobs for Americans.
Semiconductors and chips are used in many electronic devices, including computers, phones, and other consumer electronics. They are also used in automotive systems, healthcare devices, and communication devices. The world would close down if supply and demand came to a halt.
Artificial intelligence (AI) also needs semiconductors and chips to function. Semiconductors are the building blocks of AI's processing power and efficiency. The United States is the world leader in artificial intelligence (AI). The US leads in research, private investment, and advanced AI models, so it goes without saying this resource will provide cutting-edge-technology to spearhead production.
During the coronavirus pandemic, Brazil was unable to finish the production of cars, like many other countries which clearly defined the importance for these goods (Semiconductors and chips).
Taiwan is presently the largest world manufacturer of semiconductors and chips, alas with the pressure of Chinese warmongers there is concern from around the world. If indeed, China took over Taiwan then this resource would give them total dominance of the worldwide market which isn’t good for business while making other countries compliant to their demands.
According to the press conference Trump will be bringing Honda who will also be investing into the USA, and several other companies to be announced shortly. Apple, an American firm that currently has manufacturing plants abroad will be investing $500 billion to move some of their facilities to USA soil. This is big for American’s economic power!
Apple is reportedly moving some manufacturing plants to the United States primarily to avoid tariffs imposed on goods manufactured in China, potentially responding to political pressure from the US government, and to diversify its supply chain by not relying solely on manufacturing in one country; this move is also seen as an attempt to create jobs and boost the US economy, although the scale of the shift is still debated.
Oh, by the way, Honda is investing $1 billion in Ohio to retool its auto plants and build electric vehicles (EVs), hybrid-electric vehicles, and internal combustion engine (ICE) vehicles. There could be additional investment ties as well. The investment will allow Honda to produce these vehicles on the same assembly line.
All the best!
Prof. Carl Boniface
Vocabulary builder:
Supply and demand (expression) = the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price. "By the law of supply and demand the cost of healthcare will plummet."
Halt (n) = stop, close, standstill, break, pause, termination, end, (ant) start
Cutting-edge technology is the most advanced and innovative technology in a given field. It can also refer to the latest tools, systems, or methods available.
Spearhead (n) = forefront, lead, head, commander, driving force
Indeed (adv) = certainly, really, undeniably, definitely, truly, actually, in reality
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