China has conducted a hostile takeover of the UK’s largest microchip company.
A state-backed Communist Chinese firm has conducted a hostile takeover of the UK’s largest microchip factory, raising concerns about Beijing’s growing control of the market during a global chip shortage. On Monday, Dutch semiconductor manufacturer Nexperia, which is controlled by the China-owned electronics firm Wingtech, took 100 per cent control of the Newport Wafer Fab’s factory in South Wales after using a contractural clause to seize the company.
There is currently a worldwide microchip shortage. Seventy percent of microchips are manufactured in Taiwan. China has signaled its intent to take over Taiwan as it did Hong Kong, which would give China a virtual monopoly on the world supply of microchips for a period of time.
To deal with that, among other real problems, we have President who is significantly impaired cognitively. Worse, the left wing DNC Media is in complete denial.
The other day Biden was asked a pretty simply question about a very serious issue- Russians hacking US corporations and demanding ransom. It did not go well. He had to pull out note cards to explain his position and actions.
The President of the United States could not answer a question about Russia without cue cards. Watch this speech to new citizens
Biden has an inspiring message for newly sworn citizens: pic.twitter.com/LvJ9WOsl1g
— Benny (@bennyjohnson) July 2, 2021
“If Putin sees this footage, and I’m sure he will, what will he conclude about the guy leading the world’s biggest superpower?” Bolt asked Michael Costa, the former treasurer of New South Wales and a member of the Labor Party.
“I believe he realizes he isn’t leading the superpower,” replied Costa. “We can rest assured that the American political establishment has some degree of control over policy; I don’t think Joe Biden does.”
And then this:
“Many of you wrote to me about Joe Biden,” said host Alan Jones, who played more footage of Biden’s confusion. “Suddenly, the world’s greatest power is in the hands of a slightly dazed bloke who looks like he’s always waking up from heavy anesthesia,”