Blud studied electrical engineering(one of, if not THE hardest Eng), then did an MBA, then cleared all THREE levels of CFA💀

As if the withdrawal symptoms/dizziness wasn’t enough.

https://www.theverge.com/policy/931952/trump-on-taiwan-they-stole-our-chip-industry

Donnie was put again saying Taiwan stole their “chip industry”. The party that advocates for free market capitalism and meritocracy is crying uncle when they get beat.

Taiwan became a semiconductor powerhouse through a deliberate pivot by its government in the 1970s to build a tech-focused economy. By creating public-private partnerships, pioneering the "pure-play foundry" model, and clustering its supply chain, the island came to produce over 90% of the world's most advanced chips.

They even encouraged Taiwanese engineers working in Silicon Valley to return home. The government established the Hsinchu Science Park in 1980, offering tax incentives, subsidies, and a collaborative ecosystem of designers, suppliers, and manufacturers that made it the heart of Taiwan's tech boom.

They were able to achieve success through sheer strategy, innovation and hardwork only for ignorant people to calm it “stealing of an industry”.

In the same period let’s look at what our “industry” was doing. Intel developed an insular corporate culture focused heavily on its legacy PC franchise. Furthermore, from 2001 to 2020, the company spent billions on stock buybacks and dividends instead of aggressively reinvesting in R&D and foundry capabilities.

While TSMC was aggressively spending on innovation and getting to 7nm then to 5nm chip technology intel was busy paying a dividend and doing buybacks.

The same has been true for many other industries that seemingly were stolen by other countries. Auto jobs weren’t stolen by the Japanese, the Japanese by strategy, innovation and technology proved that their stuff was better.

Even today with years of Toyota manufacturing in US itself why is it that Toyotas are more reliable than American brands?

IMHO the country faces a severe lack of strategic thinking.

Saying that someone “stole” your industry gives a convenient excuse to hide behind and ignore years of strategic missteps.