president xi jinping talk about how to get more talent into china during the 20th party congress report he delivered to the party when he took his third term. the us science and chips act, of course, is another tool that the us is using, investment in the us through subsidies. will all those subsidies be enough to attract business to us shores? well, i think they re certainly going to attract a fair amount of investment. will they create a completely onshore chip supply chain? certainly not. but one of the key drivers over the past two decades of increased investment in fabrication in east asia and taiwan and south korea, and especially in china, was the cost differential between building a facility there versus in the us, and the key driver of the cost differential was not labour cost, because the labour costs
a lot of them hold american passports. they are trained in the us and they ve got green cards, or whatever. so that is really a big problem for china. and that s why you hear president xi jinping talk about how to get more talent into china during the 20th party congress report he delivered to the party when he took his third term. the us science and chips act, of course, is another tool that the us is using, investment in the us through subsidies. will all those subsidies be enough to attract business to us shores? well, i think they re certainly going to attract a fair amount of investment. will they create a completely onshore chip supply chain? certainly not. but one of the key drivers over
so that is really a big problem for china. and that s why you hear president xi jinping talk about how to get more talent into china during the 20th party congress report he delivered to the party when he took his third term. the us science and chips act, of course, is another tool that the us is using investment in the us through subsidies. will all those subsidies be enough to attract business to us shores? well, i think there s certainly an attractive, fair amount of investment. will they create a completely onshore chip supply chain? certainly not. but the one of the key drivers over the past two decades of increased investment in fabrication in east asia and taiwan and south korea and especially in china, was the cost differential between building a facility there versus in the us. and the key driver of the cost differential was not labour cost