You have to know that except for a few universities, majority of the universities in China are not really up to the standard. That's why millions of Chinese families try to send their kids to study oversea.
You have to know that except for a few universities, majority of the universities in China are not really up to the standard. That's why millions of Chinese families try to send their kids to study oversea.
America argues that such advanced semiconductors can be used by China for advanced military capabilities
Answer : This is the main reason! All those bs about China and Russia possesing hypersonic military assets are pure bs! Without US very high end chips, they can't build them! Look at Russia today! Can't even build missiles anymore as they need US chips! That's why Russia resort to buying Iranians missiles and drones! What a shame! Seems Putin has been tokok possesing superior military assets befure Ukraine invasion! Today, Putin even has to refurbish antic tanks for battle!
China will have to bear with this ungentlemanly treatment from the US government. Undoubtedly, with the strong character and wisdom from the Chinese leaders, they will be able to withstand the threat and will stand to wipe away the challenging circumstances confronting them both at their personal level as well as at the national level.
China could resolve to source to find the alternative for the shortage of supply of those important parts.
When a group of semiconductor companies, including Intel Corp., lobbied Congress to pass the $52 billion chip-stimulus bill earlier this year—one of the biggest federal investments in a private industry—they argued in part that the subsidies and tax breaks would protect American jobs.
But now just months before the funding applications open, the nation’s largest semiconductor company is reportedly planning a major reduction in its workforce—yet could still receive billions in federal subsidies. Thousands of Intel employees are expected to be laid off later this month to cut costs amid a steep decline in demand for PC processors, according to Bloomberg. Some divisions, including sales and marketing, could lose 20% of their staff.
Intel is under intense pressure from investors, as its shares have fallen more than 50% this year. The company posted a net loss of $454 million in the second quarter, compared with a net income gain of $5 billion for the same period a year ago. Analysts are predicting more grim news to come out of the company’s upcoming earnings release, with an expected third-quarter revenue drop of roughly 15%.
Even so, the reported job cuts come at an awkward time for Intel, given that the company lobbied heavily for the subsidies and committed $20 billion to build a manufacturing mega-site on the outskirts of Columbus, Ohio earlier this year. The move also puts Intel chief executive Pat Gelsinger—who received a $179 million compensation package last year—in a difficult position. In December, he lobbied Congress to pass the funding, co-signing a letter to lawmakers that said federal subsidies would be “supporting millions of jobs for Americans.”
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
throx
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Posted by throx > 2022-10-17 18:36 | Report Abuse
You have to know that except for a few universities, majority of the universities in China are not really up to the standard. That's why millions of Chinese families try to send their kids to study oversea.