U.S. Greenlighting Chip Production While Diverging From China: Expert
According to writer, journalist, and press businessperson Rebecca Fannin, China and the US are attempting to separate as the chip wars intensify.
” I believe we are witnessing China’s’s decoupling going one way and the West going the other.” Fannin reportedly stated on” China in Focus” on NTD, The Epoch Times’ girl marketing store,” It’s’s going to continue to rise from both legs.”
She believes that relations between the United States and China are at an all-time lower.
I’ve’ve seen a lot of new industries and new markets being created because of the U.S. China coordination, but today there’s’s much less of that ,” she said.” In the past, we had cooperation and coordination in R & D ] research and development ], and in many fields— particularly from Silicon Valley.
Fannin claimed that the United States was” greenlighting a lot of new investment in this area” as they competed with China over semiconductor chips.
The United States is improving its potential for producing semiconductors and conductors. Additionally, Intel is investing$ 20 billion in the construction of a sizable plant close to Columbus. There is also investment going into the Phoenix region. We have always been very complex in the design of electronics, so we are increasing our silicon supply, she said.
Intel Corporation announced in January 2022 that it is investing$ 20 billion to construct two new” leading-edge” chip factories in Ohio, which are scheduled to open in 2025 and are anticipated to adopt 3, 000 people. The average salary for employees is expected to be$ 135, 000.
According to Intel CEO Patrick Gelsinger, the company’s’s total investment over the following ten years could exceed$ 100 billion with six additional fabrication facilities.
Silicon Valley has a history of excellence in technology, tool, and semiconductor design. But we also require the supply. To compete with China, we must produce those cards right here on our own soil, according to Fannin.
She continued,” Now, China wants to produce cards in large quantities and is following the same path as the United States.”
Expanding Supply Chains
She believes that moving forward, U.S. businesses will start down the path of outsourcing manufacturing to another nation in order to diversify their supply ring outside of China.
She saw growth as a wise move to avoid relying solely on one market for years.
” That supply chain problem causes a lot of scarcity to occur. So that’s’s why, she said,” we’re’re seeing more and more businesses moving into places like Vietnam, Indonesia, and India to diversify.”
According to Fannin, U.S. companies may also want to expand their markets.
China was likely the first markets in Asia to experience significant technological development in terms of market expansion. Now, as more of these tensions between the U.S. and China grew, we observed more people moving into markets like India, Indonesia, Vietnam, and some rapidly expanding Asian markets. And I believe we’ll’ll keep seeing that as well ,” she added.
Fannin, on the other hand, pointed out that companies like Tesla and Apple are still present in China because it is a sizable competition and they cannot afford to ignore it or back out.
The business partnership with the U.S. and China has a lot of relationships, according to Fannin.
Allen Zhong made a contribution to this article.
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
