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In several years time, the US semiconductor industry will go under like the auto industry, the paper industry, the textiles industry, the home components indust
by simonblack 4y ago
In several years time, the US semiconductor industry will go under like the auto industry, the paper industry, the textiles industry, the home components industry, the steel industry, the electronics industry, the home appliance industry, the ....... (you can finish the list for yourself).
All of those new Chinese fabs will be out-competing the older US fabs. And the US is in too much debt to be able to afford the billions (trillions?) required to upgrade its crumbling technological infrastructure.
And all because the Chinese were perfectly happy buying hundreds of billions of dollars worth of semiconductors every year, and those sales to China were banned. Another case of "foot, gun, leg, bang!".