Read on Twitter
This is an opportunity for the U.S. to re-invest in the electronics supply chain.
Short thread... https://twitter.com/PaulPage/status/1357081763256926211
Short thread... https://twitter.com/PaulPage/status/1357081763256926211
1. Nothing will fix this specific shortage other than time. The capital-intensive nature of chip making results in inflexible capacity.
2. Risks are a funny thing. While people understand probability, it is really hard to justify acting on low probability events like this. But once they have happened, companies are more likely to make investment to prevent recurrence.
3. We have a strategic need to better control the electronics supply chain domestically. Defense, cyber security, critical infrastructure. 5G will add to the need.
4. Automotive is now on that list. Ag machinery is rapidly getting to that point too.
5. This is NOT a simple fix. The needs are diverse and complex. But at the core, these industries need a US capability to make chips, boards, and assemblies here.
6. The solution? Partnership. Nobody can win this alone, but get public and private players from these industries at the table. Commit people and money. Our MEP National Network can certainly play a role. (/End)
