A recipe for financial disaster ... let a party boss run a critical scientific chip industry without a master plan or blueprint. $20bn is a lot to waste ... starting in 2014, it should have begun to bear fruit by 2024. One needs the patents and be at the innovative phase of such a rapidly advancing industry. The Japanese did a better job in the seventies.

Chinese definition of corruption? Failure to meet CCP goals ... inaptitude in business and capitalism.

Philips Electronic industries in Eindhoven did much development of the chips industry. Lost out on large computers in Data Systems Apeldoorn, changed over to smaller computers in larger volumes and bought Signetics for its product range and know-how. Building chipmachines, Philips had the patents from major research centers across Europe and the spin-off was ASML. Bought a competitor in the US during the Bush years and PM Balkenende. Gratitude for joining the  action in the Iraq War.

Politicians Asking the Impossible Onshoring Chips

'Sapere aude'