Samsung plans $17B chip plant in Taylor, Texas

I am still amazed by the shortsightedness of how these critical and strategic goods are off-shore. No wonder why the supply chains are fragile and not robust. It should be illegal for strategic goods and components such as chips and semiconductors to be produced offshore. Yes, it will raise prices in the short and medium-term, but it will make the domestic economy and manufacturing sector more robust, resilient to supply shocks, and antifragile.

We need a true industrial policy and state capitalist system similar to what Japan, South Korea, Taiwan, and Singapore have.

Ok, this article quietly gets fucking wild halfway through.

>> Samsung spent years evaluating where to build the new fab, courting multiple locations and pitting them against each other for better incentives. But the ultimate decision came down to Samsung Group's leader Jay Y. Lee, who was granted early parole in August expressly to speed up crucial business decisions like the Texas chip fab. Accounting for between 10 and 20 percent of the nation's GDP, Samsung is often given preferential treatment, with executives pardoned for crimes in the name of ensuring national economic growth.

In 2017, Lee was convicted of bribing a friend of then-President Park Geun-hye, and sentenced to five years in prison in Korea. His sentence was revised down to 30 months, of which he has served around 18 months.

The Samsung leader bribed Choi Soon-sil, a pseudo-Christian cult leader nicknamed "the Korean Rasputin," who may have helped decide government policy during the Park administration. Park denied she held shamanistic rituals at the presidential compound, but was removed from office following the scandal. She has since been sentenced to more than 30 years in prison.

Lee gave Choi money and horses in an effort to ensure a merger within different subsidiaries of Samsung would pass, helping him solidify control over the company after his ailing father passed.

His father, Lee Kun-hee (who was also convicted of bribing a president, and subsequently pardoned), suffered a heart attack in 2014, and was left incapacitated as a result. But he was left technically in charge until his death last year.

With Lee now the group leader, he must sign off on all large merger and investment decisions, including US chip expansion plans.

We shouldn't stop there.

America needs to make steel again. Plastics. Chemicals.

We need to make electronics, fertilizers, tools.

Everything we need should be onshored. Especially if we expect a cold war with our biggest producer.

Maybe it won't cause WWIII

The U.S. supply chains would be completely wrecked. We're probably close to a point where in the event of a global war with China, we wouldn't be able to mobilize industry in the same way we did during WW2 simply because the industrial output fo yesteryear no longer exists in the U.S.