Political Quotes

“The cars we drive, the planes we fly, and the smartphones we have in our pockets are all powered by computer chips--or semiconductors--a technology that is key to modern society and that may determine whether America or China leads the world in the decades to come. Computer chips were, of course, pioneered in America. Cold War-era initiatives like the Apollo Program, DARPA, and SEMATECH created the breakthroughs and steady demand for this high-tech industry. Storied American companies like Intel, IBM, Texas Instruments, Micron, and others commercialized and then perfected this technology. Brilliant American entrepreneurs and engineers kick-started the digital revolution that shaped the modern world. That was then. Today, sadly, most semiconductors are not made in the U.S.A. We have learned during this pandemic how dangerous it is to rely on distant factories and overstretched supply chains that can be compromised by emergencies or enemies. Well, almost three-quarters of the world's capacity to make computer chips is located in just a handful of countries in East Asia--closer to Communist China than our shores and all within range of the missiles of the People's Liberation Army. China is investing huge sums--possibly $150 billion--in its semiconductor industry. This investment is paying off. For the first time ever, last year China surpassed the United States in its capacity for manufacturing advanced chips.…”