THE CAPE CHARLES MIRROR FEBRUARY 27, 2023 AT 7:01 PM
Paul Plante says:
CNBC
“Ford to move forward with $3.5 billion EV battery plant with Chinese company”
Michael Wayland
February 13, 2023
DETROIT – Ford Motor said Monday it will collaborate with a Chinese supplier on a new $3.5 billion battery plant for electric vehicles in Michigan, despite tensions between the U.S. and China.
Farley said the company has “absolutely” been talking to the Biden administration about the plant, citing the IRA incentives to assist with the American manufacturing of battery cells.
He said the “economics in the IRA really made a difference.”
Ford said it expects the production of the battery cells to qualify for federal incentives of $35 per kilowatt hour produced and $10 per module.
The new LFP plant is in addition to Ford’s collaborations with LG Energy Solution and South Korea-based SK, including a joint venture for twin lithium-ion battery plants in Tennessee and Kentucky.
The automaker said it expects to begin offering the LFP batteries in the Mustang Mach-E later this year, followed by the F-150 Lightning pickup next year.
************************************
CNBC
“Ford halts production and shipments of its electric F-150 Lightning due to potential battery issue”
Michael Wayland
February 14, 2023
DETROIT – Ford Motor has paused production and shipments of its electric F-150 Lightning pickup due to a potential battery issue, the company said Tuesday.
Ford spokeswoman Emma Bergg declined to disclose details of the possible battery issue, which is being investigated after a vehicle displayed a potential problem as part of the automaker’s pre-delivery quality inspections.
The stop-shipment order and halt in production was issued at the beginning of last week, according to Bergg.
It adds to ongoing “execution issues” detailed to investors earlier this month by Ford CEO Jim Farley that crippled the automaker’s fourth-quarter earnings.
Ford has not established a timeline for when production and the shipments will resume, according to Bergg.
“The team is diligently working on the root cause analysis,” she said, adding the company is “doing the right thing by our customers” to resolve any potential issues before resuming production and shipments.
The halt in production and shipments was first reported Tuesday by Motor Authority.
The F-150 Lightning is being closely watched by investors, as it’s the first mainstream electric pickup truck on the market and a major launch for Ford.
Automakers routinely have issues and recalls associated with vehicles but problems with batteries are of particular concern and interest, as the automakers invest billions of dollars in the vehicles.
One of the most notable issues has been with General Motors’ Chevrolet Bolt EVs.
The Detroit automaker two years ago had to recall all of the vehicles built up until then to address fire issues caused by “rare manufacturing defects” at facilities of its battery supplier LG Battery Solution.
************************************
Bloomberg
“Ford F-150 Lightning Plant Halt Began Feb. 5 After Battery Fire”
Story by Keith Naughton
16 February 2023
(Bloomberg) — Ford Motor Co. halted production of the F-150 Lightning on Feb. 5 — earlier than previously known — following a battery fire in one of the automaker’s popular plug-in pickup trucks.
The fire erupted in one vehicle late on Feb. 4 in a holding lot near the plant in Dearborn, Michigan, before spreading to two nearby trucks.
The newly disclosed details show the extent of the disruption for a key model that has helped the automaker become the No. 2 seller of EVs in America, behind Tesla Inc.
Ford has said the plant will remain closed at least through next week, costing Ford a minimum of three weeks of production.
“During a standard Lightning pre-delivery quality check, one vehicle displayed a battery issue and caught fire,” Ford said in the statement.
Ford said it believes its engineers found the root cause of the fire and that it could take several weeks to apply the lessons learned from the investigation.
************************************
Reuters
“Ford halts F-150 EV production for another week after battery fire”
Reuters
February 24, 2023
Feb 24 (Reuters) – Ford Motor Co will halt production of its electric F-150 Lightning pickup for another week following a battery issue that caused an EV truck to catch fire earlier this month, the U.S. automaker said on Friday.
The development comes days after The National Highway Traffic Safety Administration (NHTSA) said it is holding talks with Ford over the issue.
SK On, a South Korean EV battery maker and supplier to Ford, has again started building battery cells at a plant in Georgia.
“It will take SK time to ensure they are back to building high-quality cells and to deliver them to the Lightning production line,” Ford said in a statement.
“We agree with SK On’s recommended changes in their equipment and processes for SK’s cell production lines.”
Last week, the automaker said it will continue to hold already-produced vehicles while it worked through engineering and process updates.
The fire incident involving Ford’s EV truck happened on Feb. 4, during a pre-delivery quality inspection at its Dearborn, Michigan plant, causing the company to halt production the next day.
************************************
24/7 Wall St.
“Ford’s Deepening Problems”
Story by Douglas A. McIntyre
25 February 2023
Ford will need to extend the shutdown of F-150 Lightning production for another week.
It indicates that Ford’s overall process to create and build cars is worse than what management indicated.
According to CNBC, Ford said battery supplier SK had been slower than expected in addressing the issue.
Ford needs SK “to ensure they are back to building high-quality cells and to deliver them to the Lightning production line,” according to CNBC.
The entire catastrophe puts Executive Chairman Bill Ford in a difficult position.
He has called the Lightning launch the most important in his career at Ford, which stretches back for decades.
This launch will go down in Ford’s history as one of its least successful.
http://www.capecharlesmirror.com/news/o ... ent-768483
MADNESS AND INSANITY IN A TIME OF JOE BIDEN
Re: MADNESS AND INSANITY IN A TIME OF JOE BIDEN
THE CAPE CHARLES MIRROR MARCH 16, 2023 AT 6:29 PM
Paul R Plante, NYSPE says:
An advantage we here in the Cape Charles Mirror have is continuity of thought, in that what starts a thread like this one can and likely will have ramifications and repercussions far into the future, as is the case here as this matter continues to unfold, so that we can come back to a thread and update it, staying with the original topic, in this case the Biden CHIPS ACT, so a new reader can tie it all together without having to do a lot of searching, since all the information needed is all in one place.
So, by way of review, let’s go back to August 25, 2022, and the White House FACT SHEET: President Biden Signs Executive Order to Implement the CHIPS and Science Act of 2022, where we have the following BIDEN PROPAGANDA, to wit:
Today, President Biden signed an Executive Order to implement the semiconductor funding in the bipartisan CHIPS and Science Act of 2022.
This legislation will lower the costs of goods, create high paying manufacturing jobs around the country, and ensure we make more critical technologies at home.
This law builds on more than a year of work from the Biden-Harris Administration to respond to acute semiconductor shortages and build more resilient semiconductor supply chains.
The historic funding and incentives in the CHIPS Act will help rebuild our supply chains, manufacturing, and infrastructure here at home, along with crucial invests from the Bipartisan Infrastructure Law and Inflation Reduction Act.
This Executive Order reflects the Biden-Harris Administration’s commitment to quickly increase production of semiconductors, strengthen research and design leadership, and grow a diverse semiconductor workforce to give the country a competitive edge on the world stage.
end quotes
Now, as we will see, and have been seeing in prior posts, that is all BIDEN HORSE****, and before we go further, make a note of this above, to wit: “along with crucial invests from the Bipartisan Infrastructure Law and Inflation Reduction Act.”
As we see in a companion thread titled “Op-Ed: The Insanity of the Inflation Reduction Act” http://www.capecharlesmirror.com/news/o ... ent-775895 , however, the BIDEN IRA is itself a DRIVER of INFLATION, as is the BIDEN INFRASTRUCTURE LAW and the BIDEN CHIPS ACT, to wit:
Reuters
“Exclusive: Samsung’s new Texas chip plant cost rises above $25 billion – sources”
By Alexandra Alper and Stephen Nellis
March 15, 2023
WASHINGTON/SAN FRANCISCO, March 15 (Reuters) – A chip plant that South Korea’s Samsung Electronics Co Ltd is building in Taylor, Texas, will cost the world’s biggest memory chipmaker over $25 billion, up more than $8 billion from initial forecasts, according to two people familiar with the matter.
The increase in cost is primarily due to inflation, the people said, declining to be named because the information was not public.
“The higher construction cost is about 80% of the cost increase,” one of the sources said.
“The materials have gotten more expensive,” the source added.
end quotes
And, people, that was a given right from the start, and it takes nothing more than about a tenth-grade education and some common sense to understand that equation!
Going back to the story, we have more as follows, to wit:
Chipmakers are applying for billions in grants from the Biden administration thanks to the CHIPS Act, aimed at ramping up chip production in the United States.
But increasing costs raise questions about how far those dollars will go.
The bill was proposed in 2020, before a historic run-up in inflation that U.S. officials are still working to tame.
U.S. Commerce Department officials said early this month that most government grants will only cover up to 15% of the cost of new plants.
Meanwhile, in the three years since lawmakers first floated the $52 billion figure for CHIPS Act grants, of which only $39 billion is now earmarked for direct investment in plant construction, the cost of labor has risen sharply, along with the price of construction materials like steel.
That could push up the cost of what are already huge spending plans.
end quotes
And there for the moment I will rest, before coming back to that same story for more of the INSANITY Joe Biden has unleashed here, so stay tuned.
http://www.capecharlesmirror.com/news/o ... ent-777520
Paul R Plante, NYSPE says:
An advantage we here in the Cape Charles Mirror have is continuity of thought, in that what starts a thread like this one can and likely will have ramifications and repercussions far into the future, as is the case here as this matter continues to unfold, so that we can come back to a thread and update it, staying with the original topic, in this case the Biden CHIPS ACT, so a new reader can tie it all together without having to do a lot of searching, since all the information needed is all in one place.
So, by way of review, let’s go back to August 25, 2022, and the White House FACT SHEET: President Biden Signs Executive Order to Implement the CHIPS and Science Act of 2022, where we have the following BIDEN PROPAGANDA, to wit:
Today, President Biden signed an Executive Order to implement the semiconductor funding in the bipartisan CHIPS and Science Act of 2022.
This legislation will lower the costs of goods, create high paying manufacturing jobs around the country, and ensure we make more critical technologies at home.
This law builds on more than a year of work from the Biden-Harris Administration to respond to acute semiconductor shortages and build more resilient semiconductor supply chains.
The historic funding and incentives in the CHIPS Act will help rebuild our supply chains, manufacturing, and infrastructure here at home, along with crucial invests from the Bipartisan Infrastructure Law and Inflation Reduction Act.
This Executive Order reflects the Biden-Harris Administration’s commitment to quickly increase production of semiconductors, strengthen research and design leadership, and grow a diverse semiconductor workforce to give the country a competitive edge on the world stage.
end quotes
Now, as we will see, and have been seeing in prior posts, that is all BIDEN HORSE****, and before we go further, make a note of this above, to wit: “along with crucial invests from the Bipartisan Infrastructure Law and Inflation Reduction Act.”
As we see in a companion thread titled “Op-Ed: The Insanity of the Inflation Reduction Act” http://www.capecharlesmirror.com/news/o ... ent-775895 , however, the BIDEN IRA is itself a DRIVER of INFLATION, as is the BIDEN INFRASTRUCTURE LAW and the BIDEN CHIPS ACT, to wit:
Reuters
“Exclusive: Samsung’s new Texas chip plant cost rises above $25 billion – sources”
By Alexandra Alper and Stephen Nellis
March 15, 2023
WASHINGTON/SAN FRANCISCO, March 15 (Reuters) – A chip plant that South Korea’s Samsung Electronics Co Ltd is building in Taylor, Texas, will cost the world’s biggest memory chipmaker over $25 billion, up more than $8 billion from initial forecasts, according to two people familiar with the matter.
The increase in cost is primarily due to inflation, the people said, declining to be named because the information was not public.
“The higher construction cost is about 80% of the cost increase,” one of the sources said.
“The materials have gotten more expensive,” the source added.
end quotes
And, people, that was a given right from the start, and it takes nothing more than about a tenth-grade education and some common sense to understand that equation!
Going back to the story, we have more as follows, to wit:
Chipmakers are applying for billions in grants from the Biden administration thanks to the CHIPS Act, aimed at ramping up chip production in the United States.
But increasing costs raise questions about how far those dollars will go.
The bill was proposed in 2020, before a historic run-up in inflation that U.S. officials are still working to tame.
U.S. Commerce Department officials said early this month that most government grants will only cover up to 15% of the cost of new plants.
Meanwhile, in the three years since lawmakers first floated the $52 billion figure for CHIPS Act grants, of which only $39 billion is now earmarked for direct investment in plant construction, the cost of labor has risen sharply, along with the price of construction materials like steel.
That could push up the cost of what are already huge spending plans.
end quotes
And there for the moment I will rest, before coming back to that same story for more of the INSANITY Joe Biden has unleashed here, so stay tuned.
http://www.capecharlesmirror.com/news/o ... ent-777520
Re: MADNESS AND INSANITY IN A TIME OF JOE BIDEN
THE CAPE CHARLES MIRROR MARCH 31, 2023 AT 6:17 PM
Paul Plante says:
Fox News
“Whatever happened to the global chip shortage?”
Story by Bret Baier, Amy Munneke
28 March 2023
President Biden has been traveling across the country to meet with state leaders in an effort to ramp up semiconductor production across the United States.
“America is coming back.”
“We’re determined to lead the world in the manufacturing of semiconductors,” President Biden said Tuesday.
Commerce Secretary Gina Raimondo spoke about the CHIPS for America Program on “Special Report” this past February.
Semiconductor companies have been able to apply for those incentives through the initiative.
“Congress has sent $52 billion to us here at the Commerce Department and it’s our job to invest that, working with companies to make chips in America,” Raimondo said.
“Every governor out there thinks the next chip factory will be in their state.”
“They will compete.”
“I’m sure they’ll put incentives on the table and that’s what they should do.”
Many companies began breaking ground on new facilities and expansions before the CHIPS Act was officially signed, including New York-based GlobalFoundries.
“We need the right economics to continue to add capacity in the U.S.,” GlobalFoundries CEO Thomas Caulfield said.
“The chips will be an integral part of the economics to close the funding gap, to create that capacity that can compete globally against all the players in manufacturing.”
Since the end of 2022, at least 23 new chip fabs have been announced and nine will increase production, according to the Semiconductor Industry Association.
Caulfield agreed and said U.S. manufacturing for products requiring chips needed to keep up with U.S. semiconductor production.
“Probably the biggest issue we still need to contend with is to make sure the demand for all this capacity we want in the U.S. materializes,” Caulfield said.
“The last thing we want to do is in industry, create capacity in the U.S. and have it go underutilized.”
http://www.capecharlesmirror.com/news/o ... ent-784343
Paul Plante says:
Fox News
“Whatever happened to the global chip shortage?”
Story by Bret Baier, Amy Munneke
28 March 2023
President Biden has been traveling across the country to meet with state leaders in an effort to ramp up semiconductor production across the United States.
“America is coming back.”
“We’re determined to lead the world in the manufacturing of semiconductors,” President Biden said Tuesday.
Commerce Secretary Gina Raimondo spoke about the CHIPS for America Program on “Special Report” this past February.
Semiconductor companies have been able to apply for those incentives through the initiative.
“Congress has sent $52 billion to us here at the Commerce Department and it’s our job to invest that, working with companies to make chips in America,” Raimondo said.
“Every governor out there thinks the next chip factory will be in their state.”
“They will compete.”
“I’m sure they’ll put incentives on the table and that’s what they should do.”
Many companies began breaking ground on new facilities and expansions before the CHIPS Act was officially signed, including New York-based GlobalFoundries.
“We need the right economics to continue to add capacity in the U.S.,” GlobalFoundries CEO Thomas Caulfield said.
“The chips will be an integral part of the economics to close the funding gap, to create that capacity that can compete globally against all the players in manufacturing.”
Since the end of 2022, at least 23 new chip fabs have been announced and nine will increase production, according to the Semiconductor Industry Association.
Caulfield agreed and said U.S. manufacturing for products requiring chips needed to keep up with U.S. semiconductor production.
“Probably the biggest issue we still need to contend with is to make sure the demand for all this capacity we want in the U.S. materializes,” Caulfield said.
“The last thing we want to do is in industry, create capacity in the U.S. and have it go underutilized.”
http://www.capecharlesmirror.com/news/o ... ent-784343
Re: MADNESS AND INSANITY IN A TIME OF JOE BIDEN
THE CAPE CHARLES MIRROR APRIL 7, 2023 AT 9:29 PM
Paul Plante says:
Reuters
“Samsung to cut chip output to ride out downturn; shares rally”
By Joyce Lee and Heekyong Yang
April 7, 2023
SEOUL, April 7 (Reuters) – Samsung Electronics Co Ltd said on Friday it would make a “meaningful” cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.
The unusual output cut by the world’s biggest memory chipmaker – with no previous announcement recalled by Samsung officials and analysts – came after it flagged a worse-than-expected 96% plunge in first-quarter profit.
Samsung said memory demand had dropped sharply because of a weak global economy and customers slowing purchases as they focused on using up their stocks.
“We are lowering the production of memory chips by a meaningful level, especially that of products with supply secured,” it added, in a reference to those with sufficient inventories.
Samsung did not disclose the size of the planned production cut, but it sent a strong signal for a company that had previously said it would make small adjustments like pauses for refurbishing production lines but not a full-blown cut.
SK Hynix said in October it would more than halve its capital spending in 2023 versus 2022, while Micron cut fiscal 2023 investment plans by more than 30% in September.
“Samsung talking about production cuts is evidence of how bad the current slump really is,” said Greg Roh, head of research at Hyundai Motor Securities.
http://www.capecharlesmirror.com/news/o ... ent-786986
Paul Plante says:
Reuters
“Samsung to cut chip output to ride out downturn; shares rally”
By Joyce Lee and Heekyong Yang
April 7, 2023
SEOUL, April 7 (Reuters) – Samsung Electronics Co Ltd said on Friday it would make a “meaningful” cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.
The unusual output cut by the world’s biggest memory chipmaker – with no previous announcement recalled by Samsung officials and analysts – came after it flagged a worse-than-expected 96% plunge in first-quarter profit.
Samsung said memory demand had dropped sharply because of a weak global economy and customers slowing purchases as they focused on using up their stocks.
“We are lowering the production of memory chips by a meaningful level, especially that of products with supply secured,” it added, in a reference to those with sufficient inventories.
Samsung did not disclose the size of the planned production cut, but it sent a strong signal for a company that had previously said it would make small adjustments like pauses for refurbishing production lines but not a full-blown cut.
SK Hynix said in October it would more than halve its capital spending in 2023 versus 2022, while Micron cut fiscal 2023 investment plans by more than 30% in September.
“Samsung talking about production cuts is evidence of how bad the current slump really is,” said Greg Roh, head of research at Hyundai Motor Securities.
http://www.capecharlesmirror.com/news/o ... ent-786986
Re: MADNESS AND INSANITY IN A TIME OF JOE BIDEN
THE CAPE CHARLES MIRROR APRIL 10, 2023 AT 10:33 PM
Paul Plante says:
The inflation caused by Joe Biden’s INSANE GREEN DREAM and his other dream of making America into the global supplier of chips on borrowed money is harming the very markets Joe thought he could make stronger:
Reuters
“Global PC shipments slide in first quarter, Apple takes biggest hit, IDC says”
April 10, 2023
April 10 (Reuters) – Global shipments of personal computers slumped by nearly a third in the first quarter of 2023, with Apple Inc dropping the most among the market heavyweights as the industry struggles with a post-pandemic slowdown in consumer spending.
In separate reports published on Monday, market research firms IDC and Canalys blamed weak demand, excess inventory and a bleak economic outlook for the shipment declines of 29% and 33%, respectively.
“Most of the issues that plagued the industry in the second half of last year have extended into the start of 2023,” Canalys analyst Ishan Dutt said.
Of the top five PC makers analysed in the reports, Apple saw the largest drop with a fall of more than 40%.
That was followed by Dell Technologies Inc with a drop of around 31%.
Lenovo Group Ltd, Asustek Computer Inc and HP Inc also faced declines, the reports said.
The data suggests that PC makers are set for another quarter of weak earnings after a 2022 that saw their sales squeezed by the end of the pandemic-driven demand boom.
The pause in demand and growth, however, is giving supply chains time to stabilize after a rocky two years and for companies to explore production options outside China, IDC said.
But some analysts are less optimistic, considering the crisis in the banking sector and signs that the Federal Reserve will continue on its rate-hiking path to arrest still-high inflation.
“The evidence doesn’t seem to support the idea that (the recovery) is going to happen,” said Fox Advisors analyst Steven Fox, pointing to the widespread cost cuts across companies.
“We’re not looking at a crash in demand from here.”
“We’re saying things are sluggish and are going to stay that way.”
http://www.capecharlesmirror.com/news/o ... ent-788089
Paul Plante says:
The inflation caused by Joe Biden’s INSANE GREEN DREAM and his other dream of making America into the global supplier of chips on borrowed money is harming the very markets Joe thought he could make stronger:
Reuters
“Global PC shipments slide in first quarter, Apple takes biggest hit, IDC says”
April 10, 2023
April 10 (Reuters) – Global shipments of personal computers slumped by nearly a third in the first quarter of 2023, with Apple Inc dropping the most among the market heavyweights as the industry struggles with a post-pandemic slowdown in consumer spending.
In separate reports published on Monday, market research firms IDC and Canalys blamed weak demand, excess inventory and a bleak economic outlook for the shipment declines of 29% and 33%, respectively.
“Most of the issues that plagued the industry in the second half of last year have extended into the start of 2023,” Canalys analyst Ishan Dutt said.
Of the top five PC makers analysed in the reports, Apple saw the largest drop with a fall of more than 40%.
That was followed by Dell Technologies Inc with a drop of around 31%.
Lenovo Group Ltd, Asustek Computer Inc and HP Inc also faced declines, the reports said.
The data suggests that PC makers are set for another quarter of weak earnings after a 2022 that saw their sales squeezed by the end of the pandemic-driven demand boom.
The pause in demand and growth, however, is giving supply chains time to stabilize after a rocky two years and for companies to explore production options outside China, IDC said.
But some analysts are less optimistic, considering the crisis in the banking sector and signs that the Federal Reserve will continue on its rate-hiking path to arrest still-high inflation.
“The evidence doesn’t seem to support the idea that (the recovery) is going to happen,” said Fox Advisors analyst Steven Fox, pointing to the widespread cost cuts across companies.
“We’re not looking at a crash in demand from here.”
“We’re saying things are sluggish and are going to stay that way.”
http://www.capecharlesmirror.com/news/o ... ent-788089
Re: MADNESS AND INSANITY IN A TIME OF JOE BIDEN
THE CAPE CHARLES MIRROR APRIL 12, 2023 AT 4:12 PM
Paul R Plante, NYSPE says:
And here we are coming back, as was inevitable, given that reality governs reality, not Joe Biden, although the fool thinks he does, to the original post on August 7, 2022, where I raised this important reality-based question with some follow-on commentary, to wit:
I. HOW MUCH WATER DOES A CHIP FAB REQUIRE ON A DAILY BASIS?
So how much water does it take to operate a chip fab then, when Joe starts building them here?
By some estimates, a large chip fab can use up to 10 million gallons of water a day, which is equivalent to the water consumption of roughly 300,000 households and that is because each chip needs to be rinsed with ultrapure water (UPW) — water so pure that is considered an industrial solvent — to remove debris (ions, particles, silica, etc.) from the manufacturing process and prevent the chips from becoming contaminated.
So where, then, is Joe Biden going to get all that water from?
Or doesn’t he have a clue?
Stay tuned as we explore this matter further, because the future Joe is going to impact is that of ourselves, our children and grandchildren and on down the line.
end quotes
And here we are today, keeping in mind that Joe Biden is pouring taxpayer dollars into some huge CHIP-FABS in Arizona, America’s second driest state after Nevada, something you think the president of the United States would be at least peripherally aware of, given it is known by the time children are in fifth grade, if not earlier, with Taiwan Semiconductor Manufacturing Company’s massive factory sitting on more than 1,000 acres in north Phoenix just west of Interstate 17, and Intel planning to build two new leading-edge chip factories at its Ocotillo campus in Chandler, Ariz., to wit:
Newsweek
“Biden’s Colorado River Proposal Will Cut Water to Three States”
Story by Anna Skinner
11 April 2023
The Biden Administration is taking action to preserve the dwindling water in the Colorado River, a proposal from the United States Department of Interior (DOI) revealed on Tuesday.
end quote
And what a ridiculous statement that is in light of Joe Biden making Arizona a hub for water-hog CHIP FABS – as if committing to more water usage for the CHIP FABS will somehow work to preserve the dwindling water in the Colorado River, which takes us back to Newsweek, to wit:
Stressed by population growth, overuse and parched by a years-long drought that has plagued the region, the Colorado River is suffering.
end quote
And with Joe Biden’s INSANE DREAM of making the US the global chip source, it is going to suffer even more, which again takes us back to the unfolding story, to wit:
States in the lower Colorado basin have been negotiating for months to draft a plan that would preserve the valuable resource while continuing to provide water service to millions of residents and fuel the nation’s agricultural industry.
Required water cuts have already been implemented and increased in severity this year for Arizona and Nevada.
Western states are scrambling to come up with a solution that preserves their access to Colorado River water while uniting the region on a path to recovery for the drought-stricken river and its associated reservoirs.
At the beginning of the year, six of the states in the Colorado River basin united with a proposed plan for water conservation.
The plan would force California to bear some of the cuts.
A day later, California came out with its own plan, which would put the brunt of the cuts on Arizona and preserve California’s allocation because of the state’s senior water rights.
Rather than wait and allow the states to continue struggling with a solution, the Biden Administration is taking control of the matter.
end quotes
Which means we can expect things to be all ****** up BIG TIME, which is Joe’s legacy so far – put his ham-hands on something and leave it the worse for it, because Joe is incompetent, which takes us back to newsweek, to wit:
On Tuesday, the DOI released a proposal consisting of three options.
1. Equal Cuts
One of the solutions proposes equal cuts for three states in the lower Colorado River basin: California, Arizona and Nevada.
2. Seniority
Other options proposed by the DOI respect seniority and propose the strictest cuts on Arizona and Nevada.
The situation could turn dire for areas like Phoenix and Tucson, which have already borne the brunt of water allocation cuts.
3. Nothing
A third option proposed by the DOI was to do nothing.
end quotes
And my goodness, but didn’t we just read that TSMC was building a massive CHIP FAB outside that same city of Phoenix?
So where is Joe going to get all the extra water from, then?
And the answer is that fool does not have a clue!
http://www.capecharlesmirror.com/news/o ... ent-788669
Paul R Plante, NYSPE says:
And here we are coming back, as was inevitable, given that reality governs reality, not Joe Biden, although the fool thinks he does, to the original post on August 7, 2022, where I raised this important reality-based question with some follow-on commentary, to wit:
I. HOW MUCH WATER DOES A CHIP FAB REQUIRE ON A DAILY BASIS?
So how much water does it take to operate a chip fab then, when Joe starts building them here?
By some estimates, a large chip fab can use up to 10 million gallons of water a day, which is equivalent to the water consumption of roughly 300,000 households and that is because each chip needs to be rinsed with ultrapure water (UPW) — water so pure that is considered an industrial solvent — to remove debris (ions, particles, silica, etc.) from the manufacturing process and prevent the chips from becoming contaminated.
So where, then, is Joe Biden going to get all that water from?
Or doesn’t he have a clue?
Stay tuned as we explore this matter further, because the future Joe is going to impact is that of ourselves, our children and grandchildren and on down the line.
end quotes
And here we are today, keeping in mind that Joe Biden is pouring taxpayer dollars into some huge CHIP-FABS in Arizona, America’s second driest state after Nevada, something you think the president of the United States would be at least peripherally aware of, given it is known by the time children are in fifth grade, if not earlier, with Taiwan Semiconductor Manufacturing Company’s massive factory sitting on more than 1,000 acres in north Phoenix just west of Interstate 17, and Intel planning to build two new leading-edge chip factories at its Ocotillo campus in Chandler, Ariz., to wit:
Newsweek
“Biden’s Colorado River Proposal Will Cut Water to Three States”
Story by Anna Skinner
11 April 2023
The Biden Administration is taking action to preserve the dwindling water in the Colorado River, a proposal from the United States Department of Interior (DOI) revealed on Tuesday.
end quote
And what a ridiculous statement that is in light of Joe Biden making Arizona a hub for water-hog CHIP FABS – as if committing to more water usage for the CHIP FABS will somehow work to preserve the dwindling water in the Colorado River, which takes us back to Newsweek, to wit:
Stressed by population growth, overuse and parched by a years-long drought that has plagued the region, the Colorado River is suffering.
end quote
And with Joe Biden’s INSANE DREAM of making the US the global chip source, it is going to suffer even more, which again takes us back to the unfolding story, to wit:
States in the lower Colorado basin have been negotiating for months to draft a plan that would preserve the valuable resource while continuing to provide water service to millions of residents and fuel the nation’s agricultural industry.
Required water cuts have already been implemented and increased in severity this year for Arizona and Nevada.
Western states are scrambling to come up with a solution that preserves their access to Colorado River water while uniting the region on a path to recovery for the drought-stricken river and its associated reservoirs.
At the beginning of the year, six of the states in the Colorado River basin united with a proposed plan for water conservation.
The plan would force California to bear some of the cuts.
A day later, California came out with its own plan, which would put the brunt of the cuts on Arizona and preserve California’s allocation because of the state’s senior water rights.
Rather than wait and allow the states to continue struggling with a solution, the Biden Administration is taking control of the matter.
end quotes
Which means we can expect things to be all ****** up BIG TIME, which is Joe’s legacy so far – put his ham-hands on something and leave it the worse for it, because Joe is incompetent, which takes us back to newsweek, to wit:
On Tuesday, the DOI released a proposal consisting of three options.
1. Equal Cuts
One of the solutions proposes equal cuts for three states in the lower Colorado River basin: California, Arizona and Nevada.
2. Seniority
Other options proposed by the DOI respect seniority and propose the strictest cuts on Arizona and Nevada.
The situation could turn dire for areas like Phoenix and Tucson, which have already borne the brunt of water allocation cuts.
3. Nothing
A third option proposed by the DOI was to do nothing.
end quotes
And my goodness, but didn’t we just read that TSMC was building a massive CHIP FAB outside that same city of Phoenix?
So where is Joe going to get all the extra water from, then?
And the answer is that fool does not have a clue!
http://www.capecharlesmirror.com/news/o ... ent-788669
Re: MADNESS AND INSANITY IN A TIME OF JOE BIDEN
THE CAPE CHARLES MIRROR APRIL 25, 2023 AT 10:55 PM
Paul R. Plante says:
Going back to the beginning of this thread on Joe Biden’s CHIP Act, which I called “Joe Biden’s Ultra-MAGA Great Leap Forward,” although that title would not have truly captured the essence of the madness afoot here as contained in Joe Biden’s First Five Year Plan, so I condensed it down to its essence, which is insanity and madness in a time of Joe Biden, referring to the “Statement from President Biden on House Passage of CHIPS and Science Act to Lower Costs, Create Good-Pay Jobs and Strengthen Our National Security,” on July 28, 2022, wherein Joe Biden told the nation and the world, and us, as follows in typical shallow-thinking Joe Biden fashion as follows:
“Today, the House passed a bill that will make cars cheaper, appliances cheaper, and computers cheaper.”
“It will lower the costs of everyday goods.”
“And, it will create high-paying manufacturing jobs across the country and strengthen U.S. leadership in the industries of the future at the same time.”
end quotes
That was all said on August 7, 2022.
And subsequent thereto, we talked about all of Joe’s tax breaks and incentives for the CHIP industry that Joe hoped to build to make America THE LEADER in chip production in the world, and from there, we talked about the GLUT of chips already in existence, so let’s come forward to today and a Reuters article titled “TI forecasts downbeat second quarter on growing demand weakness” by Chavi Mehta on April 25, 2023, where we have the latest on Joe’s plans regarding the chip industry, to wit:
April 25 (Reuters) – Texas Instruments forecast second-quarter revenue and profit below Wall Street estimates on Tuesday, signaling demand weakness is spreading to most of the analog chipmaker’s end-markets.
end quote
Yes, people, demand weakness, which takes us back for more, to wit:
A chip supply glut, which started from the consumer electronics market, has seeped into broader markets like enterprise and industrial as rising interest rates saps spending across the board.
end quotes
Interest rates are rising, of course, because of the HUGE amount of money Joe has been pouring into the economy, causing the inflation the federal reserve is trying to fight with rising interest rates, which are harming what Joe is trying to create, very mindlessly, of course, him being shallow-thinking and short-sighted Joe Biden which takes us back to Reuters, to wit:
The company’s revenue in both the personal electronics segment and the division that caters to data center servers fell 30% in the first quarter from the fourth quarter.
Industrial market revenue was flat.
For TI, which said overstocked customers were still purging excess inventory, this marks trouble as it derives about 70% of its revenue from these markets, with industrial comprising about 40%.
The glut has also hurt chip prices in the market, pressuring profit margins of chipmakers like Texas Instruments.
Still automotive was a bright spot in the first quarter, with revenue up mid-single digits, the company said.
But Summit Insights Group analyst Kinngai Chan warned industry checks already indicated a weakening order in the automotive market.
end quotes
Meanwhile, back at the ranch, we, the American people are suffering from the inflation caused by Joe’s reckless spending on his INSANE DREAMS and we are facing a recession ahead, which gives us all something to contemplate as the future looms large in our lives, so if you want more insanity to come, Joe just announced he is running for president again, and he is your man to fulfill that wish!
http://www.capecharlesmirror.com/op-ed- ... ent-794266
Paul R. Plante says:
Going back to the beginning of this thread on Joe Biden’s CHIP Act, which I called “Joe Biden’s Ultra-MAGA Great Leap Forward,” although that title would not have truly captured the essence of the madness afoot here as contained in Joe Biden’s First Five Year Plan, so I condensed it down to its essence, which is insanity and madness in a time of Joe Biden, referring to the “Statement from President Biden on House Passage of CHIPS and Science Act to Lower Costs, Create Good-Pay Jobs and Strengthen Our National Security,” on July 28, 2022, wherein Joe Biden told the nation and the world, and us, as follows in typical shallow-thinking Joe Biden fashion as follows:
“Today, the House passed a bill that will make cars cheaper, appliances cheaper, and computers cheaper.”
“It will lower the costs of everyday goods.”
“And, it will create high-paying manufacturing jobs across the country and strengthen U.S. leadership in the industries of the future at the same time.”
end quotes
That was all said on August 7, 2022.
And subsequent thereto, we talked about all of Joe’s tax breaks and incentives for the CHIP industry that Joe hoped to build to make America THE LEADER in chip production in the world, and from there, we talked about the GLUT of chips already in existence, so let’s come forward to today and a Reuters article titled “TI forecasts downbeat second quarter on growing demand weakness” by Chavi Mehta on April 25, 2023, where we have the latest on Joe’s plans regarding the chip industry, to wit:
April 25 (Reuters) – Texas Instruments forecast second-quarter revenue and profit below Wall Street estimates on Tuesday, signaling demand weakness is spreading to most of the analog chipmaker’s end-markets.
end quote
Yes, people, demand weakness, which takes us back for more, to wit:
A chip supply glut, which started from the consumer electronics market, has seeped into broader markets like enterprise and industrial as rising interest rates saps spending across the board.
end quotes
Interest rates are rising, of course, because of the HUGE amount of money Joe has been pouring into the economy, causing the inflation the federal reserve is trying to fight with rising interest rates, which are harming what Joe is trying to create, very mindlessly, of course, him being shallow-thinking and short-sighted Joe Biden which takes us back to Reuters, to wit:
The company’s revenue in both the personal electronics segment and the division that caters to data center servers fell 30% in the first quarter from the fourth quarter.
Industrial market revenue was flat.
For TI, which said overstocked customers were still purging excess inventory, this marks trouble as it derives about 70% of its revenue from these markets, with industrial comprising about 40%.
The glut has also hurt chip prices in the market, pressuring profit margins of chipmakers like Texas Instruments.
Still automotive was a bright spot in the first quarter, with revenue up mid-single digits, the company said.
But Summit Insights Group analyst Kinngai Chan warned industry checks already indicated a weakening order in the automotive market.
end quotes
Meanwhile, back at the ranch, we, the American people are suffering from the inflation caused by Joe’s reckless spending on his INSANE DREAMS and we are facing a recession ahead, which gives us all something to contemplate as the future looms large in our lives, so if you want more insanity to come, Joe just announced he is running for president again, and he is your man to fulfill that wish!
http://www.capecharlesmirror.com/op-ed- ... ent-794266