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(Archived document, may contain errors) 117 April 28, 1980 THE DEFENSE DEBA.TE PROSPECTS AND .ALTER'NATlVES INTRODUCTION The Carter Admini stration's FY 1981 defense budget and five-year defense program have undergone intense scrutiny during the first two months of the current congressional session.
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 asi...
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 are actually not that large in a very automated facility, but rather tax policy and tax incentives. so, what the us is trying to do with the chips and science act is to level the playing field when it comes to tax incentives by offering some pretty generous tax policy, tax credits, to firms that build new...
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 p...
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 asi...