Posts by ml2023

Silicon supply chain players plot exodus from China in wake of ASML's exit

Re: Same: Railways, Cars, Aerospace, Telecoms

LOL. the playbook is the same for many countries.... India, Indonesia, Brazil, etc. countries with large internal markets all have the same playbook. & decades ago, same with US before it became an industrial powerhouse years ago... forcing (or stealing) know how transfer from Britain, Germany, France, Japan, etc. Ooops... in fact, US is doing this today with "Inflation Reduction" Act and Chip Act.... oh, you want US market? build chip and ev battery here in US. seem like US has the exact same playbook.

US is forcing TSMC to come train fab workers? oops... cultural fit is a challenge... & people not well educated (do you know tsmc fab workers are a bunch of master and phD STEM graduates?), work ethics (TSMC Taiwan workers work until midnight and weekends).... no wonder TSMC Chairman Morris Chang said US is naive and think building fabs in US will be competitive and sustainable.

Seem like you have summarized that China state-driven system will outrun free market capitalism.

Re: US-Euro Economic-Strategic Idiocy

Not arguing much about the US-Euro issues you outlined.... but IMHO China emits 30% of CO2 today, but (1) much of the CO2 emission is attributed to Western consumption and producing goods for Western profit-driven companies. (2) much of accumulated CO2 is from US and the West... over 25% "accumluated" CO2 in our atmosphere that's leading to global warming is coming from US alone despite US is 4% of world population. (3) Per capita CO2 emission from China is half of US. Despite manufacturing goods for the rest of the world, China per capita CO2 is much less than others. (4) China has invested more in renewable energy than any single country or even the whole EU countries combined in the past several years... & much much more than US. this is why China is leading in EV battery, solar, etc. You can google and find all these stats.

China largest warship building program in planet is true.... but it's simply its manufacturing capability and it's still in catch up mode. US annual military budget is still more than all the next 9 countries combined. Yes combined. US spend 3.5% of GDP on military while China spends 1.2% GDP.... & China GDP is still 3/4 size of US GDP. US has been pushing NATO, Japan, etc. to get military spend to 2% and up... so China spending 1.2% is actually much than others. Have to recognize that China is definitely more efficient / cost effective in building warships, missiles and of course much lower salary and maintenance cost.