PREVIEW: Manufacturing: CHIPS ACT: Conversation with colleague Chris Riegel of Scala.com re the US economy on two tracks: the Fabs for high end microchip making; and everyone else now constrained by the high cost of money and the inflation in materials.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 16 May 2024
⏱️ 2 minutes
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1923 Detroit
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| 0:00.0 | This is John Bachelor, conversation with my colleague Chris Regal of the Scholar Report, |
| 0:05.2 | scholar.com, about the investment that the US government is putting into chips, the |
| 0:11.5 | Chips Act. |
| 0:13.2 | And is that useful? |
| 0:15.6 | Is it going to pay off? |
| 0:17.6 | Chris estimates that the money going in now has not produced a product for the GDP yet, but there is that day coming soon enough. |
| 0:28.0 | At the same time, the general economy is not in any fashion rising the way chips are. AI is driving everything. |
| 0:37.0 | So we have two tracks, one the high end, the microchips, the AI, and the other everybody else. The payoff is |
| 0:47.5 | exciting. The question is, is the economy going to continue in this present flatlining or is it going to struggle? |
| 0:57.7 | Is it going to be set back? |
| 0:59.5 | Unknown. |
| 1:00.5 | More detail later tonight. |
| 1:03.0 | Here's Chris Regal on the high end, the chips, and the investment the U.S. government and Congress |
| 1:10.0 | is making in the future. |
| 1:12.0 | John, there's tech and there is everybody else. |
| 1:15.7 | Tech manufacturing, the benefits thus far of CHIPS plan have not really been seen simply |
| 1:21.6 | because it takes so long to bring these plants online. |
| 1:24.0 | So you'll start to see positive economic momentum around those facilities and their output in the 26, 27 years. |
| 1:32.0 | The challenge, the greater economy is if you... 26, 27 years. |
| 1:32.8 | The greater economy is if you take out government intervention, |
| 1:37.0 | all the debt that's being printed and money flowing |
| 1:39.5 | into the economy that way, the economy's |
... |
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