We will make computers again. Nvidia plans to build AI supercomputers ENTIRELY in US (AZ & Texas)
$500B investment over 4 years.
1M+ sq ft facility in AZ & TX.
Hundreds of thousands of jobs expected.
To be fair Apple's Mac Pro is nearly 100% made in USA, I believe. But basically we don't make computers anymore because today Asian countries are far more advanced than the US in the manufacturing of electronic components.
Link: https://x.com/RapidResponse47/status/1911877722801909936
Replies to: We will make computers again. Nvidia plans to build AI supercomputers ENTIRELY in US (AZ & Texas)
'The CHIPS Act Has Already Sparked $450 Billion in Private Investments for U.S. Semiconductors'...
...from the attached article...
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By enacting the CHIPS and Science Act in August 2022, policymakers in Washington took an historic step toward attracting investment in semiconductor production and innovation in the U.S. And while the new law must still be implemented effectively and efficiently to realize its potential, the CHIPS Act has already sparked private investments in the U.S. that will strengthen the U.S. economy, job creation, and supply chain resilience.
From the time the CHIPS Act was introduced in the Spring of 2020 through the months following its enactment, companies in the semiconductor ecosystem announced dozens of projects to increase manufacturing capacity in the U.S. Some projects began in anticipation of CHIPS Act funding and relying on policymakers’ commitment to follow through on such funding, while others moved forward following enactment of the legislation. Here are some highlights of announcements spurred by the CHIPS Act:
90 new semiconductor ecosystem projects announced across the U.S., including the construction of new semiconductor manufacturing facilities (fabs), expansions of existing sites, and facilities that supply the materials and equipment used in chip manufacturing
Nearly $450 billion in private investments announced across 28 states to increase domestic manufacturing capacity
58,000 new high-quality direct jobs announced in the semiconductor ecosystem as part of the new projects, which will support hundreds of thousands of additional jobs throughout the broader U.S. economy
These new projects cover a range of activities needed to bolster the U.S. chip ecosystem, including new, expanded, or upgraded fabs in various semiconductor segments (e.g., advanced logic, memory, analog, and legacy chips), semiconductor equipment facilities, and facilities to produce key materials used in the chip manufacturing process.
In anticipation of CHIPS Act incentives, some projects have already begun groundbreaking and construction activities, with production to start as early as the end of 2024. Other projects will begin construction in 2023. And some projects incentivized by the CHIPS and Science Act may operate on an even quicker timeline, including such projects as tool upgrades or additions.
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Link: https://www.semiconductors.org/the-chips-act-has-already-sparked-200-billion-in-private-investments-for-u-s-semiconductor-production/
That act is for chip making, not computer making. That act is subsidy law( $52 B taxpayers' $ + 25%
tax credits). Yes, Chip is the most important component in the supply chain of computer making. But there are other components like memory and display... to make a computer. The most important
difference is, Nvidia's plan to make supercomputers in the US is solely their own decision without single taxpayers dollars involved (maybe local governments of AZ, TX will give some kind of incentives, but at least your federal tax isn't used). The Chip act has been passed for 3 years. What's the progress has neen made since then? how many $ have been distributed to the related parties?
Here you go...
Predictably, the Biden administration was saddling handouts with DEI requirements...
...the Harvard-Trump situation: we give you money, so we can tell you what to do if you want the money. This caused some foreign businesses to think twice about building factories here with support of the government.
We've created a situation in this country where the presidential election changes everything. The business world is in a perpetual state of whiplash, as businesses attempt to manage the transitions from party to party.
Problem is, each party says the other side is being a dictator, and their own side is not, and neither party wants to fix the systemic problems we have created, because fixing them would diminish their power while they have it. Regardless of whether you call it an elective dictatorship/monarchy or the like, or just abuse of powers which has become the norm, or just whataboutism of the other side, the situation is the same.
Congress better enact some of Trump's changes, or these may be short term changes indeed when a dictator from the other party is elected next and starts issuing executive orders and gives all former government workers 4 years of back pay, and reopens the border, etc.
Show us one example of where "DEI" negatively impacted a University's Research Program, or harmed
the Public's Interest. The fact of the matter is you're deflecting with a non-issue...just another boat anchor to progress.
You made it easy. DEI is inherently harmful because it is racist.
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Please answer my question before posing your own...i.e. Show us one example of where "DEI"
negatively impacted a University's Research Program or harmed the Public Interest...
...and please stop deflecting.
Answered...all of them. But why do you deflect to universities? I was talking about companies.
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Because most biomedical research is done there, maybe? Just a guess.
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He shuffles. It’s what he does.
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He’s a Poster Child for MAGA Ineptness…a waste of a good education.
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.
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Nota Bene. Most of all this new investment will be in Right to Work states.
One of the major reasons the US loses jobs overseas is due to the crazy convoluted "work rules" required by union contracts.
Union labor is more productive than non-union... but NOT when a particular task requires several crafts to perform.
Can't be true, Chris told us there will be no new jobs.
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Chris told you there will be overall job loss
But go on making shit up.
Must buy cheap shit from autocratic dictatorship.
Anything else would be unpatriotic.
Must increase the purchasing power of the American consumer
Anything else would be economically irrational.
We have 18 years until the purchasing power of the American consumer will necessarily be destroyed.
Unless one of two things happens: a) we get debt under control (unlikely) or b) we produce most of our necessities domestically.
Status quo has us on a road to ruin.
Link: https://budgetmodel.wharton.upenn.edu/issues/2023/10/6/when-does-federal-debt-reach-unsustainable-levels
From your linked article...
"Under current policy, the United States has about 20 years for corrective action after which no amount of future tax increases or spending cuts could avoid the government defaulting on its debt whether explicitly or implicitly "
Thus far, the GOP has refused to accept the need for Tax Increases on Corporations and the Wealthiest Americans...until it does, we're like 'Thelma and Louise', racing toward the cliff.
btw...Democrats have already shown the way toward resolving this problem (e.g. Clinton's Economic Plan that resulted in a Surplus).
Revenue has grown an avg of 7% while spending has grown an avg of 12% per yr the last 25 years.
It's a spending problem.
But I've also suggested we simplify the tax code and eliminate all deductions.
Sounds like revenue did not keep up with spending. Raise revenue; cut spending.
The notion that you can balance the budget by only addressing one side of that equation is what got us into this mess.
Ha!
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Awesome. You really understand economics. And you stay on topic so well.
But keep going. Eventually maybe you'll land on an issue that you can defend.
You brought up purchasing power, I responded, that's how normal people communicate.
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You and normal is not analogous
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