THOTH Newsroom

Shipbuilding: US-China Hegemonic Competition, Economic-Security Strategy Wartime manufacturing supply chain? Nations that conquer the seas have historically dominated the world, and those that lose them have fallen from grace. A nation's shipbuilding and shipping industries were key to its global hegemony, and therefore key to its national security. China dominates both the global shipbuilding and shipping industries, and the United States is losing its shipbuilding and shipping competitiveness due to high labor costs and a declining ability to trade goods. On March 12, several unions, including the United Steelworkers of America, asked the administration for trade relief and state aid for the shipbuilding industry, arguing that China is distorting global markets in the maritime, logistics, and shipbuilding industries. Shipbuilding: US-China hegemonic competition, Economic-Security Strategy World No. 1 (1975) U.S. shipbuilding ranks 19th in the world ... builds less than 1% of the

Spotlight on Ukraine's post-war reconstruction project Global infrastructure investment expected to increase; US (IIJA), Canada, India, etc. Ukraine reconstruction project to reach $1 trillion... largest since World War II Increased interest in infrastructure investment from major countries around the world ... U.S. (IIJA), Canada, India, etc. With the possibility of a Russian-Ukrainian ceasefire on the horizon, there is growing interest in post-war recovery and reconstruction projects in Ukraine. In addition, it is a time of high interest in infrastructure investment globally. The U.S. is increasingly focusing on infrastructure investment through the Infrastructure Investment and Jobs Act (IIJA), and Canada is expected to invest in construction, civil engineering, and other infrastructure in line with the U.S. IIJA. India, Indonesia, etc. are expected to invest in infrastructure for economic growth and industrial base. Construction, civil engineering, industrial facilities, defens

Spy equipment found on Chinese-made cranes at major U.S. ports Over 5 years, we will invest more than $20B ... in crane production and port security in the U.S. U.S. gets first homegrown crane production line in 30 years ... Mitsui E&S subsidiary Paceco produces The United States says it has identified spy equipment and suspicious communications equipment on Chinese-made cranes installed at major ports, and will replace them as a security measure for key strategic ports. The U.S. infrastructure investment budget is coming into play, with approximately $20 billion to be invested over the next five years. The cranes will be produced by Paceco, a subsidiary of Japan's MitsuiE&S, meaning the US will have a homegrown crane production line for the first time in nearly 30 years. Spy equipment found on Chinese-made cranes at major U.S. ports Strategic Materials Surveillance Threats, Espionage Threats of software misbehavior and sabotage The Biden administration has revealed that Ch

TSMC secures $5B in US CHIPS grants U.S. CHIPS grants: $39 billion + $75 billion (loans and loan guarantees) Samsung Electronics, Intel, Micron, and others expected to receive grants Taiwan's TSMC is expected to receive more than $5 billion in subsidies under the U.S. Semiconductor Support Act (CHIPS). Samsung Electronics, Intel (INTC: US), and Micron (MU: US) are also expected to benefit from the subsidies. The CHIPS Act will provide $39 billion in direct payments and $75 billion in loans and loan guarantees, with $28 billion of the $39 billion going to advanced semiconductor production lines. CHIPS grants The problem is that the direct subsidy payments from the U.S. Semiconductor Support Act (CHIPS) are $39 billion, while semiconductor companies have applied for more than $70 billion, making it difficult to fully fund the program. Samsung is reportedly discussing additional investments in the U.S., pledging to invest more. TSMC is investing about $40 billion to build two semicond

US Jobs report: Increased employment, Economic growth stable Wall Street focus on potential rate cuts U.S. February Nonfarm Payrolls: 275,000 ... up 200,000 for the third consecutive month U.S. February unemployment rate: 3.9% ... has remained below 4% since January 2022 US jobs report Unemployment: FRED unemployment rate increased +0.2 percentage points from the previous month (3.7%, January) to 3.9%. All employees, Total nonfarm: FRED Nonfarm payrolls increased slightly from the previous month (229K, January) to 275K. Along with solid employment, the eye is on the possibility of unemployment exceeding 4%. Since January 2022, the unemployment rate has been below 4% and inflation has been high. Could this change now? Wall Street still sees June as the time for the Fed to cut rates. Powered by, THOTH Investment Support the THOTH Newsroom

Chip War: U.S. Tightens China Semiconductor Regulations Participating countries include South Korea, the United States, Japan, Taiwan, the Netherlands, etc. Semiconductors become national strategic items around the world Chip War literally means semiconductor war. It's a technology race between the United States and China over the semiconductor industry, with countries in the liberal camp, led by the United States, trying to keep China's semiconductor industry in check. These countries include South Korea, the United States, Japan, Taiwan, Germany, and the Netherlands. Chris Miller, the author of 「Chip War」, describes the semiconductor industry in detail in his book and suggests that it will become a national survival strategy. I recommend reading it. 「반도체 주권국가」 is a book written by former Minister Park Young-sun, Dr. Kang Sung-chun, and CEO Cha Jeong-hoon, and is rated as a book comparable to Chip War. I recommend reading it. Semiconductors have now become a central industry f