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Ride The Bull Short The Bear
CS Tan
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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....
Posted by IDQWE001 > 2023-03-18 06:44 | Report Abuse
The United States has proposed a "Chip 4" alliance with South Korea, Japan and Taiwan to build a semiconductor supply chain, the Seoul Economic Daily reported, citing anonymous South Korean government officials and industry sources. The move is also part of U.S. efforts to curb the growth of China's chip industry. According to Observer Network, on May 11 last year, 64 companies including the United States, Europe, Japan, South Korea, Taiwan, and other places announced the establishment of the Semiconductors in America Coalition (SIAC). These companies cover almost the entire semiconductor industry chain, and the first thing they organize together is to urge the US Congress to pass the $50 billion semiconductor incentive plan proposed by the Biden administration. lthough it seems that SIAC's top priority is to "request money" from the US government, the Hong Kong English-language media "South China Morning Post" still linked the matter to mainland China, with its report hyping that "the establishment of SIAC may make mainland China more It is difficult to escape the U.S.-led global semiconductor supply chain.” A press release issued by SIAC's official website states that the organization is an alliance of semiconductor companies and semiconductor downstream users. Currently, SIAC has 64 members, including technology giants such as Amazon, Apple, AT&T, Cisco, General Electric, Google, Verizon, AMD, Analog Devices, Broadcom, NVIDIA, Qualcomm and other chip design companies, GF, IBM , Intel, Micron and other chip manufacturers, as well as semiconductor upstream IP, electronic design automation (EDA) software and equipment suppliers such as Applied Materials, Kaideng Electronics, Synopsys, etc. It is worth noting that SIAC members also include many semiconductor companies in Japan, South Korea, Europe, China Taiwan and other places. For example, chip manufacturers TSMC, Samsung, SK Hynix, Infineon, equipment manufacturers Nikon, ASML, Tokyo Electronics, chip IP giant ARM, etc. On the day of its establishment, SIAC members jointly sent a letter to U.S. House Speaker Nancy Pelosi, Senate Majority Leader Chuck Schumer, Senate Minority Leader McConnell, and House Minority Leader McCarthy. "We call on congressional leaders to allocate $50 billion for domestic chip manufacturing incentives and research programs," the letter said. SIAC's mission is to advance federal policy that promotes U.S. semiconductor manufacturing and research to strengthen the U.S. economy, national security, and critical infrastructure".