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The House speaker’s trip came after Congress passed a bill that includes $52 billion to subsidize domestic chip manufacturing
Originally published by AntiWar
While in Taiwan House Speaker Nancy Pelosi (D-CA) met with the island’s top semiconductor industry leaders as the US is looking to gain an edge on China when it comes to chip manufacturing.
Pelosi’s trip came after Congress passed the CHIPS and Science Act, a massive $280 billion piece of legislation that includes $52 billion in subsidies for companies to build and expand chip manufacturing facilities.
Pelosi met with the chairman of Taiwan Semiconductor Manufacturing Co (TSMC), the world’s biggest chip manufacturer, to discuss the CHIPS and Science Act. The meeting signals that the US is looking to entice TSMC to open more facilities in the US with the subsidies included in the legislation.
TSMC is currently building a $12 billion semiconductor facility in Arizona, which is expected to be operational by 2024.
Pelosi said at a news conference in Taiwan on Wednesday that the CHIPS and Science Act means more cooperation between the US and Taiwan. “We just passed the CHIPS and Science Act. That is something that opens the door for us to have better economic exchanges,” she said.
While looking to boost its domestic chip production, the US is trying to hurt China’s ability to manufacture semiconductors with sanctions. The US is also pressing the Netherlands-based ASML Holding NV and the Japan-based Nikon Corporation not to sell the technology needed to manufacture semiconductors to China.
But US sanctions appear to have backfired as China’s chip industry is now the fastest growing in the world. According to Bloomberg, 19 of the world’s 20 fastest-growing chip industry firms over the past four quarters, on average, hail from China.
Pelosi’s husband, Paul Pelosi, has been under scrutiny for his trading of semiconductor stocks amid allegations of insider trading. In June, he purchased stocks in Nvidia, an American chip company. He then sold 25,000 shares of Nvidia stock at a loss the day before the House passed the CHIPS and Science Act. Overall, global semiconductor stocks took a hit due to Pelosi’s trip and the uncertainty it caused.
Beijing’s large military exercise should have commenced a few hours before nanny Nancy could land in taiwan.. And why are the PLA doing it now that the damage is done..? It could have been better if they send the manpower and equipments over to Donbass to get sort of even with the yanks.
The same as Russia has been doing with Ukraine.China has been doing with Taiwan .
Not even close! Taiwan was never a part of CCP CHINA!
But Ukronaziland was a part of Russia before USSR Breakup. The problem is M$M have misled the World into believing both are Civil Wars, when that’s not even close to the TRUTH!
This all started over Kiev’s push to become Independent of Russia’s Oil & Gas by issuing 50 yr Gas/Oil FRACKING Leases to Standard Oil & Shell Oil in the Donbass Region. Now one Ukronazi loving Oligarch is being revealed as the Shill of Biden Admin, NATO & of course another CIA led Coup to replace a democratically elected President & push lies by Euromaidan Revolt by proxy!
Barisma Oil who hired KrAcK Test Dummy Hunter in a money laundering scheme w/ KICKBACK to the BIG GUY!
They not only were going to FRACK old wells in Donbass from Hitler’s WW2 were going to FRACK (rip to shreds) land under schools, hospitals & “Hole Mountains Reserve” in Donbass!
Prompting the counter Revolt where CIA/WEF Soros… Nazikrainians & Kiev Mercenaries BURNT to a Crisp Donbass Protestors in Odessa. But M$M never mentions this. Forcing Donetsk & Lugansk to DECLARE Independence to protect their land from being destroyed and then “ALL HELL BROKE LOOSE” as NATO (w/ WEF) again pushed their Expansionist aims, with Soros led “Color Revolution”!
And it just began to get REAL CREEPY w/ Ukronazi Kolomoyskyi (owns Barisma Oil & did own Azovstal Steel before Putin Denazified it and took 2500 Azov Battalion Nazis as PoWs… (never evacuations!). Where Russia had already been informed about all the Bio Labs put there by Obunghole Obama including one underneath Azovstal Steel. Where Russia is still carrying out investigations into just who was in Azovstal… including NATO Generals… one of which is Canadian and another a BIG MOUTHED American among others!
Now Der Fuhrer Clown Pu$$y Zelenskyy has had to take away Kolomoyskyi Citizenship and he’s being investigated for connections to Malayian MA-17 fiasco!
Expect to see the results of Russia’s investigations here in the next two months and Zelenskyy either off’d by own Admin (in conjunction w/ US/CIA/NATO involvement) or Mercs hired by Kolomoyskyi from Israel. In other words Nazikrainistan is no more just a Zelenskyy Sitcom Presidency w/ his Kolomoyskyi Created Azov & Banderite Battalions in control and time for DEAD RECKONING of their War Crimes to come to pass!
USA : “you better start relocating the big manufacturing business over to our land to be safe”.
Taiwan : ” Do we need to relocate knowing we’re safe & secured here being under your protection”
USA : ” We can only sell whatever weapons you want to buy from us but we cannot deploy merikan boots on the ground because you’re not NATO member”.
But… but… please keep investing $35 Billion for TSMI 5nm GigaFAB in Arizona & we’re sure Sony Japan wants that $5 Billion 5nm GigaFAB there still… as well as be sure to keep Hon Hai Foxconn & Pegatron Factories in CHINA Open & Working for your own Safety!
And of course Apple iPhones rolling off the assembly line in CHINA as well! ;-p)))
WTF does that mean ? That China actually has a powerful industrial economy and the US doesn’t , who’s fault is that ? China is in no hurry reign in Tiawan. Taiwan will NEVER declare independence form China no matter how many times Nancy Pelosi goes there to get her smelly 80 year puss licked by that other dyke. Half of Washington DC was FUCKING praying China would fall for this provocation and shoot that old drunk cunts plane down in flames. But The US wont fight for Taiwan any more that it will fight for a Ukraine
Sorry for sending the Weapons we were going to send YOU… to Ukraine NATO Forces instead!
…we’ll make up for that soon! Signed Adolf Biden!
More Americans Are Going Hungry, and It Costs More to Feed Them.
Judging from what’s going on in taiwan, it does appears like Chinese trajectory is heading towards a fast mode regarding reintegration with the rogue island unexpectedly taking place sooner than expected since Beijing got fired up to redeem its dented pride and credibility, proving to the world that it can actually walk the talk.
Skeletor has got in to Taiwan and she has to get out too. Maybe the Chinese admin will let her leave, maybe they won’t. Maybe the Taiwanese want to be the next Vietnam? the next Korea?
It’s a lost opportunity for Beijing.. If they just started the live firing exercises while granny Nancy still airborne enroute to Taipei.. Allow me to paint an ideal scenario where the air traffic controller giving an instruction to that plane… “Abort landing, abort landing, emergency situation declared shutting the airport for all traffic due to security concerns, advise for all incoming planes to land anywhere deemed safe”, the sweating fearful pilot then will start consulting his panicking granny with options to land in Japan, Korea, or return back to Philippines, sending the entire entourage rattled in fear of death risks.
All these created billions of dollar nominated debt pumped into weapons and ICT, of course to make up for the mediocrity of the US of Aggression, raises the question how long the masses will stick to their belief in this unbackef fiat-currency.
ah ok Top Monkeys inside mafia !!!
new Chinese computer chip better than Taiwan; China announces cancellation plans to build 3$ billion factory in USA…no problem I sell burger at local macdolds brothel
150 million dumbass Americunts are going hungry and starving and the hubris laden stupid bastards want to “control the world”.
The increase in food insecurity is not about a sudden wave of joblessness as it was when the economy ground to a halt in 2020 in the first wave of the pandemic as rich got richer. Then US meddling in Ukraine created massive inflation — higher prices for housing, gas and especially food. According to the last report on consumer prices, the cost of food increased 20.4 percent from a year earlier, the largest 12-month increase since 1981.
Food banks are trying to meet these needs while coping with decreasing donations and, in some cases, increased awareness among people who need help that food banks are an option.
Data from the Census Bureau showed that last month, 100 million adults sometimes had not had enough to eat in the previous seven days. That was the greatest number since just before Christmas in 2020, when the pandemic continued to take a high economic toll and the unemployment rate was nearly twice what it is today.
there are millions destitute amerikans living below poverty line cannot rent dildo from lgbt in trailer park, must forage for meal in garbage dumpster. please send rupee or rubles to. http://www.save-degenerate/cesspool-USAfrom-collapse@compassionateIndia.com
Americans do need a bit of starvation. I live here and about half of the population is fat.
Malnourishment, inflammation, obesity, water retention go together and sometimes poor health means one cannot exercise. Often fat people eat little.
Ive thought the same thing but it can be boredom and do you know when youre out in the cold often you dont gain weight. Most americans stay warm! Most homeless are not fat!
new eastern outlook reports new china computer chip…but we #1 consumer dildos—we very obese and moron
I wonder if the booze sodden old whorebag asked them who makes the burgers !
So Piglosi found out she could make $$$$ off buying shares of Nvidia prior to putting an Aid Package the House & now she’s all Pro Taiwan and the Chip Industry they control w/ dozens of companies who provide jobs World Wide but mostly in CHINA! ;-P
Meanwhile back in Prison Cell Silicon Valley… chip makers aren’t doing so well and her district looks like WW1 & WW2 Combined!
Besides Hubby Paul’s DWI, Crash Victim and attempt to “PAYOLA” the cops are providing even more DRAMA to this Skull & Bones Bitch’s Dastardly Plans! Oink Oink… Good Luck getting out of this one! :DDD
What she doesn’t say is that the USA is planning to carpet bomb TSMC in the case of a Chinese invasion. They will gladly plunge their “allies” into poverty just to deny the Chinese any advanced technological developments outside of their control. The Taiwanese are training their own replacements by building factories in Arizona, and thus making themselves disposable for America. WEAK!
This was from a paper published by the US Army War College, one of the American military’s leading postgraduate military schools.
The ‘Pivot To China’ seems more like a knee jerk. Talking of jerks, let’s hope the Taiwanese can relieve Skeletor of that chip on her shoulder while she’s there.
Another 280 billion to add to all the other fraudulent US expenditure. I suppose the USadmin are making hay while the sun shines because when winter comes there won’t be a US reserve currency with which to bribe the world on the one hand and off-load their debt on the other.
Skeletor is in Taiwan on behalf of one of her employers…the arms industry. They are crapping their pants at the prospect of having missiles to fire at Russian, China, Iran, in fact half the planet, but no chips to guide them. Perhaps the US will try and return to Afghanistan when they run low on Lithium.
Pelosi is more destructive than Hillary Clinton or Madeleine Albright
Fuck off.
The PRC should invade Taiwan and confiscate the entire chip industry.
“Chinese ballistic missiles fly over Taiwan for first time in history — TV They also traveled through the airspace above deployment locations of Taiwan’s Patriot missile air defenses and hit their targets in full view of the US-made Aegis missile defense systems, CCTV reported.” So, the “patriots” will have no chance against Chinese missiles.
Plozi wants to be PREZ
you write English like me—-welfare? you have the worst social welfare system of all but a few African/central amerikan nations
peloni has intelligence medium size carrot as verified by our clinic
Why the Chinese would be concerned about a drunken fraud from the US con-gress visiting Taiwan is laughable. If it was Killary Klinton, I would be concerned for the Taiwanese becoming victims to a false flag mass shooting like what happened in Sri Lanka on her last visit. While demonstrating live fire might be intimidating, it also exposes their hardware’s limitations to the Taiwan observers and provides them with the EMF profiles of their key equipment on exercise, allowing for counter measure development. Nancy is hardly worth the attention, Chins’s tantrum was counter productive. They should have laughed her off as ‘unimportant’ if they wanted to hurt US Taiwan relations.