the renewed focus on technology is positive as well for the U.S.-based semiconductor giant Intel. And, perhaps most importantly, onshoring this industry is great news for the country. There’s an opportunity to redirect some of our military funding into projects that we need, to grow jobs at home, and to ensure greater security in the technology we use every day. Don’t hold your breath on the Lysol or Clorox... In time, it would benefit Congress and American companies to find more ways to ensure production Interestingly, as big as our world gets... in some ways, turning inward – and focusing on our own domestic strength in key industries – is one of the best ways to ensure a prosperous future. Meanwhile, don’t hold your breath on the Lysol or Clorox... In time, it would benefit Congress and American companies to find more ways to ensure production lines for anything we truly need, including disinfectants. lines for anything we truly need, including disinfectants. But Rome wasn’t built in a day... So, it wouldn’t hurt to stock up ahead of the upcoming flu season.
companies, but it has struggled to keep up with foreign competitors. Meanwhile, the industry itself, as I mentioned, is smart to recognize the importance of onshoring this production because of the lost business opportunities associated with production and shipping delays. AN AMERICAN MANUFACTURING RENAISSANCE If the government and the private industry could work together on this issue, then there could be a huge opportunity for a new kind of American manufacturing renaissance. If we manufacture these technology components at home instead of abroad, then more Americans will be employed in high-skilled manufacturing jobs, profits will become more reliable for the companies in the supply chain that need these components, and the U.S. military might save a ton of money on its Southeast Asia operations. It’s a win-win-win. But Taiwan certainly isn’t taking any chances... Perhaps seeing the writing on the wall, Taiwan’s multibillion-dollar semiconductor giant TSMC plans to offshore a new semiconductor plant in Arizona. Reuters reported that the company intends to invest $12 billion to build the plant. It says that long term it hopes to build up to six factories in the U.S. over the next 10 to 15 years. This is good news for Arizona and for the tech companies that need these chips. Meanwhile,
American Consequences
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