The US Bet to Bring Chips Home

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Asa Fitch and Greg Ip, The US Bet to Bring Chips Home. Recent shortages of semiconductors and fears of China's ambitions to dominate the industry have led to a frenetic effort to rev up American production. But securing the supply will be complicated. Wall Street Journal, Jan 14, 2023, Aat Page B1 (on Saturdays section B is Exchange, or business).
https://www.wsj.com/articles/chi ... -taiwan-11673650917
https://www.livemint.com/technol ... 11673675741411.html

Excerpt in the window of print: While locations of oil reserves once defined geopolitics, now the locations of chip factories are more important, said Intel's CEO.

Note:
(a) online title: Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply
(b) "The US share of global chip manufacturing has eroded, from 37% in 1990 to 12% in 2020, while mainland China's share has gone from around zero to about 15%, according to Boston Consulting Group and SIA [Semiconductor Industry Association]. Taiwan and South Korea [the latter has been the major producer of memory chips, including flash; so the 20% includes those] each accounted for a little over 20%."
(c) "To defray the chip companies’ investment needs, Ms [Commerce Secretary Gina] Raimondo has approached private infrastructure investors about participating in chip projects, modeled on Brookfield Asset Management Inc's co-investment in Intel's Arizona fabs."

Brookfield Infrastructure Signs Definitive Agreement with Intel. Brookfield Infrastructure Partners, LP, Aug 23, 2022
https://bip.brookfield.com/press ... ive-agreement-intel
("Brookfield Infrastructure Partners LP (NYSE: BIP * * *), together with its institutional partners (collectively, 'Brookfield Infrastructure') * * * is investing up to $15 billion for a 49% stake in Intel's manufacturing expansion at its Ocotillo campus in Chandler, Arizona, with Intel having a 51% stake in this arrangement.  This multi-year capital expansion project * * * ")

There is no need to read the rest of this press release.

Brookfield Asset Management
https://en.wikipedia.org/wiki/Brookfield_Asset_Management
(1899- ; table: Headquarters  Brookfield Place, Toronto)
(c) "Mung Chiang, president of Purdue University in Indiana"

Mung Chiang  蔣濛
https://en.wikipedia.org/wiki/Mung_Chiang
(1977- ; president of Purdue University since Jan 1, 2023)