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पोस्ट्स
पोस्ट्स
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५८ टिप्पण्या:
Nvidia and AMD to pay 15% of China chip sale revenues to US government ~ WSJ
Suddenly the chip exports are no longer a national security risk now that protection money has been paid.
Before the election, MAGA Trump supporters said their top priorities were lowering prices and releasing the Epstein files. Now the same supporters say their top priorities are building a gold ballroom for the White House and putting tariffs on Ford, GM and shaking down Nvidia and AMD.
It's pretty clear that James Carville is losing his mind. He's now 80 years old (most American men are dead by 82.) He has severe anger management issues and his wife, Mary Matalin is too old to take care of him. She's 71 and decrepit.
So he's being trotted out on all the Democrat podcasts to spout his conspiracy theories about taking over the Supreme Court and creating some new Democrat states (wtf?) and splitting up the ones they already control like Illinois and New York so they get more Senators.
He's also pretty fucking angry about the number of raisins that they've been putting in Raisin Bran lately and getting all up in Big Cereal's face and shit.
Nobody will intervene on this old fart to get him a boudin sandwich and get his wrinkled ass to bed.
He brought us Hillary Clinton, so it's kind of fun to watch this dumb fucker descend into the mind depths of hell before he spits up his last phlem on the way to irrelevancy.
Meant to write yesterday, Kudos to the Althousian commentariat for one of the best discussions I've seen in awhile about Althouse' post "How to teach Con Law in 2025".
I never got near a law school, but hearing the experience of those who did was fascinating and enlightening. As an added bonus, none of the usual trolls interrupted the conversation.
To me, represented the blog commentariat at its best.
Going through More of Deep Space Nine (aka DS9). Season 1 was pretty worthless. Even the fanboys admit it was a "slow start" as the writers/producers were finding their way.
Probably the most interesting thing about Season 1 is the introduction of Kai Winn, played by the great Louise Fletcher. She's the stand-in for the "Religious right". She stands for religion (Bajorian) against "Science". Of course, she's smary and fake, unlike the science teacher who's nice, likable, and sincere.
Also interesting are Quark and the Feringi, who give the writers a chance to give us thinly veiled Jewish Humor. You expect these space aliens to start going "Ov vey" or "Take my wife, please".
"Before the election, MAGA Trump supporters said their top priorities were lowering prices and releasing the Epstein files. "
LOL
Going to the Iowa State Fair tomorrow for the first time ever!
Anyone who thinks Raisin Bran could use more raisins can do what my father did for the last ~20 years of his life: keep a box of raisins on the kitchen table and add just the right quantity to every bowl. How addicted to whining do you have to be to sit around complaining instead of doing something so obvious, so easy, and so inexpensive?
@RCOCEAN II,
I, too, am a big fan of DS9, and, yes, season 1 is mostly worthless. However, "Duet" and "Captive Pursuit" both stand up well over time.
DS9 really takes off when they introduce the Dominion, and seasons 4-7 have some of the best episodes in the whole ST franchise (my personal favorite is season 6, episode 19 "In the Pale Moonlight"). At that point, DS9 adopted the writing and plotting style of Babylon 5, with multi-season long story arcs and letting alien characters carry story lead, which apparently the actors find difficult to do because acting in all that make-up robs the actor of a lot of facial expression.
"How addicted to whining do you have to be . . . ?"
'It is better to light a single candle than to curse the darkness.'
--Yeah. Goddamn darkness.
All of the Star Trek spinoff series get off to very slow starts- the first two seasons of TNG are forgettable and so are the first two seasons of DS9 and Voyager for the most part. I have debated whether or not rewatch DS9- I haven't seen an episode since the series concluded over quarter century ago.
Raising chip prices from China adds incentives to chipmakers to inshore production, or more likely move out of China to some other third world country. Need I remind you that the first offshoring wave of the semiconductor industry was to places like the Philippines and Malaysia and Taiwan. China was the second wave (1990s/2000s).
There is an entire world itching to be the worlds workshop. China is not inevitable. It had important economic advantages for decades, but we are now seeing the costs of concentrating so much there. They got too big for their britches in spite of the epgemeral nature of their
YoungHegelian - I look forward to seasons 4-7. I've heard that from others, that DS9 got better as it went along, unlike other series.
TOS couldn't afford to "Start slow". It says something about the changes in TV biz from the 60s to the 80/90s, that the whoever was showing TNG/DS9 were willing to ride out a slow start and keep with the series.
Duet was good, and IRC was written by the same guy who wrote Neccessary Evil. Kira is good in both of them.
In spite of the ephemeral nature of their manufacturing base. Light industry can move fast.
H&I runs the 5 Star Treks every night, starting at 7pm CT (TOS, TNG, DS9, Voyager, Enterprise). We often have them on as background.
Former Law Clerk -
I thoroughly enjoyed that.
Babylon 5 is better than DS9.
Look at today's Leftism/Biden regime and Clarke's rise to power.
See if you can spot any difference...
8/10/25, 10:24 PM
The man had a gritty and soulful voice for rock music and co-wrote some iconic songs…
https://www.cbsnews.com/news/bobby-whitlock-derek-and-the-dominos-founder-dies/
Kakistocracy said...
Nvidia and AMD to pay 15% of China chip sale revenues to US government ~ WSJ
Suddenly the chip exports are no longer a national security risk now that protection money has been paid.
Rich is big mad that multi-national corporations run by oligarchs have to pay taxes on things made outside the United States.
Of course to avoid these taxes they can just make them here in the US. But Rich absolutely hates it when manufacturing jobs are created in the US.
I have not picked up DS9 in some time. I recently started up Strange New Worlds and that has been enjoyable. I somehow convinced my wife to watch TNG every night and since she’s usually not into that stuff, I’m calling it a win. She even enjoyed it.
“Mary Matalin is too old to take care of him. She's 71 and decrepit.”
Not so. This is from 10 months ago:
https://youtube.com/shorts/me9UDQQOSE4?si=cDzZFP9auj5pG6-K
@buwaya
Strong manufacturing hubs in Africa could be competitive within decades, but continent-wide maturity — where most countries can match today’s top regions — is probably 125–150 years away. Huge potential, but a lot of complexity acting as a headwind.
Keldonric demonstrates his belief that black Africans are inherently inferior to whites and Asians.
I’ve been keeping track of Kamala Harris, author. Her book is slowly going down in sales on Amazon (release date 09/23)
She dethroned The Let Them Theory for a day or two as #1, but since then slowly sinking. She’s at #58 today. But what’s interesting is some of the other books on the list.
The US Constitution is at #13 and #77 (2 different editions). They’ve been on the list for about a week. Fahrenheit 451 (#16) has been off and on the list since the election. So has Animal Farm (#31) Several editions of the Bible have made their appearance as well.
BTW if you want a signed copy of Kamala’s book, you can get one before the publication date on EBay for about $150. Same price as Melania’s signed copies. You can even get Michelle Obama’s book, The Look,(release date in November) on EBay now. Signed edition about $500. Best deal is a signed copy of one
Best deal is a signed copy of one of the Clinton/Paterson thrillers for about $50.
Ref DS9: I like the holodeck and Sisko dream episodes. The ensemble gets a chance to act without their makeup. And the writers get a chance to do other genres. The James Bond parody episode was fun. Also the mirror universe eps give everyone a chance to chew the scenery. I am still waiting for a series set entirely in the mirror universe. Michelle Yeoh in Discovery comes close.
RR
JSM
"Nvidia and AMD to pay 15% of China chip sale revenues to US government."
Psst! These chip makers are not in business to lose money on permitted sales to China under US rules. So guess who these two companies will charge and from whom they will recover these lost revenues!
It is called raising prices with non-chinese customers, "fellas." And non-chinese chip purchasers will recover their cost increases from their retail consumers, including you and me.
These artificial rules for tariffs of any kind will lower GNP, raise inflation and take it out of the stock market and crypto investments. The largest economy in the world should be pushing for free markets.
Eva Marie: The best deal for the three Clinton/Patterson books is ninety nine cents each on Amazon Audio. purchased through the Althouse site, of course.
If you are adding raisins to Raisin Bran consider Bran Flakes.
If you are subtracting raisins from Raisin Bran consider Bran Flakes.
Is DJT the George S. Patton of presidents?
Gadfly still hasn’t come to terms with the world’s desire to access our markets. Do you really think that a 15% premium, less than the average tip for dining, will stop them, cause them to give up easy sales to willing customers? I’ve been negotiating with European and Asian suppliers longer than this blog has existed and I can tell you foreign suppliers place a far higher value on access than the leftist commenters here. Keep in mind most of them have internal barriers like VAT that add the same premium as our new tariffs.
Until you figure out that Trump is responding in kind you will keep missing the importance of ongoing work. It applies to so much.
Achilles -- it must be nice to be that gullible.
Is the US in a strategic foot race against China or not? How does paying a % of revenue to the US government blunt the advantage of selling advanced chips to them?
This "revenue sharing" scheme could turn into an absolute nightmare once it hits corporate tax structures.
The Classic Tech Tax Structure: Most big tech companies have something like:
IP held in Ireland/Singapore/Bermuda
Manufacturing through Taiwan (TSMC)
Sales booked through Dutch/Irish subsidiaries
Minimal profit recognized in the US
So when Nvidia "sells" an H20 to China, it might actually be:
Nvidia Ireland licenses IP to Nvidia Singapore
Nvidia Singapore contracts with TSMC Taiwan for production
Nvidia Netherlands BV sells to Chinese customer
Profit accumulates in Singapore (3% tax rate)
Where Does the 15% Come From?
Is it 15% of the revenue received by the US entity? (Could be near zero)
Is it 15% of the global revenue regardless of booking? (Extraterritorial overreach)
Is it 15% of the transfer price between subsidiaries? (Opens a can of worms)
Do they need to repatriate funds just to pay this? (Tax nightmare).
Why This Dies Within Weeks (Days?):
Legal/Congressional Explosion T-minus 10...9...8...
• Some congressional lawyer is frantically searching for what statute allows the Executive to impose a 15% revenue tax without Congress
Spoiler: It doesn't exist
• First company to get sued by shareholders for agreeing to unauthorized payments to the government
• Ways and Means Committee: "Excuse me, we're the ones who tax things around here!"
Corporate Revolt T-minus 7...6...5...
• Every other tech company: "Wait, Nvidia got licenses but we need to pay 15% too?"
• Apple: "Our Irish subsidiary would like a word..."
• Intel: "So we're being undercut by 15% in China now?"
• The entire semiconductor lobby descending on DC like angry wasps
The Practical Implementation Disaster T-minus 3...2...1...
• IRS: "We literally don't have a form for this"
• Treasury: "The money goes... where exactly?"
• BIS: "We're not a revenue collection agency!"
• Some poor Commerce Department lawyer: "I need this in writing... actually, no I don't, please don't put this in writing"
The International Trade Disaster T-minus...BOOM
• WTO complaint filed in 3...2...1...
• China: "So it's a tax? Let's discuss our rare earth export 'revenue sharing' program"
• EU: "Interesting precedent for our Digital Services Tax..."
My bet? By Monday morning, someone will be walking this back as a "misunderstanding" or "preliminary discussion that was taken out of context." The agencies will claim they're "reviewing various frameworks for ensuring fair competition" or some other bureaucratic word salad.
The funniest part is that two people said they don't even know what to do with the money! That's the tell that this was made up on the spot. Even the Trump administration can't keep a straight face on this one.
Just thought of something about tariffs:
If you Believe the Science (tm), you believe another pandemic is coming. And you believe the same measures must be taken when it happens. Which means you believe global supply chains will be disrupted. So wouldn't you want to take measures, however draconian, to shorten those supply chains? Kind of like using draconian gas and cigarette taxes to change behavior.
Similarly, if you Believe the Science of global warming, wouldn't you want to shorten supply chains so all those ships and trains and planes aren't putting carbon in the air?
Hear that? It's the left's false beliefs colliding with each other.
RR
JSM
Kak seems to believe that the Nvidia chips in question go in consumer products. These are high end GPUs destined for AI clusters, and China is already getting caught illegally importing banned chips via third party countries, so they are rather price insensitive. We actually WANT them using Nvidia chips because we want our tech to be the backbone of AI everywhere, just a bit hobbled in China.
Ultimately export controls hurt American companies. A sales levies could help to reduce the American debt pile. It should be repeated with the Mag 7. It's one way to also make markets more stable.
This is just the begining of Trump punishing corporate America. It's a new tax. Not on net income, but revenues.
"Nvidia and AMD to pay 15% of China chip sale revenues to US government."
Psst! These chip makers are not in business to lose money on permitted sales to China under US rules. So guess who these two companies will charge and from whom they will recover these lost revenues!
Oh no….
Anyway: https://www.reuters.com/business/apple-says-samsung-will-supply-chips-texas-factory-2025-08-06/
@Big Mike said...
Keldonric demonstrates his belief that black Africans are inherently inferior to whites and Asians.
No need to jump to defamation — I’ll try to help you understand where I’m coming from. My timeline has nothing to do with inherent ability; it’s about structural factors that take time to change anywhere.
Why I said 125–150 years for continent-wide manufacturing maturity:
Infrastructure scale: Continent-spanning transport, power, and telecom networks take generations to build.
Trade integration: AfCFTA is promising, but harmonizing 50+ national systems will be a long process.
Policy stability: Sustained manufacturing growth needs decades of stable governance.
Workforce & skills: Scaling industrial skills across over a billion people is a huge undertaking.
Some hubs could be globally competitive in decades. The longer timeline is about scaling that across the continent, not about capacity or potential.
I don’t normally respond to personal attacks by calling them out directly, but this crosses the line. My earlier comment was about structural factors — infrastructure, trade integration, and policy stability — that affect manufacturing timelines anywhere. It had nothing to do with inherent ability.
Big Mike’s statement about my comment is incorrect and a personal attack. I would appreciate it if he would take it down, and I’ll leave it to the moderators to decide on removal. I just want to make sure my meaning is clear for the record.
Gadfly ignored biden's insane inflation.
Africa will be as behind in 100 years as it is today. The only question is, will the rest of us be in the same place?
I will be investing $100 Billion in US manufacturing.*
* Subject to certain conditions.
Apple to recategorize existing domestic investment commitments as new investment.
Also:
2017: "Apple promised to give US manufacturing a $1 billion boost"
2018: "Apple will make $350 billion contribution to U.S. economy and promised to create 20,000 jobs"
2021: "Apple commits $430 billion in US investments over 5 years"
They all know how to play the game with Trump. Just stand there with him and let him announce some crazy investment, and then they never have to deliver on that investment.
@Narr
Growth is happening in manufacturing, tech, energy, agriculture, and telecom. It’s not uniform across all countries, but it’s there.
Milwaukee had historic rainfall and flooding. The Journal-Sentinel coverage was pretty lame IMO. It's like the people writing couldn't be bothered to go out and interview. Honestly felt like they were at a coffee shop somewhere en masse while writing.
@Keldonric, I'm sure you are correct about current growth.
I see nothing wrong with Big Mike’s comment. When someone paints with a big brush that an entire continent is inferior without providing any supporting rationale, it seems fair to note it. The mention of color may be unfair, but so is the use of a wide brush to characterize a continent. If you feel it is personal, then provide more and better language to clarify your previous comment. Others will figure it out.
For instance, Thomas Sowell has written about the various economic factors hurting industrial development in Africa. One major issue is geography. With few exceptions, the entire west coast of Africa lacks geographically safe harbors. Some large river outlets, like the Congo, allow for shipborne trade along the west coast. Without shipping, it is difficult to trade goods in or out of Africa, which hampers economic development.
Another factor is tribalism, which hampers external investment.
Considering modern technology, which factor fits an argument that the entire continent is 100 or more years behind the rest of the world? Steamships were invented 150 years ago and airplanes are even more recent. Africa has both of those.
Kakistocracy said...
Ultimately export controls hurt American companies.
*************
Did they hurt American companies during the Cold War?
IIRC the Soviet Union collapsed, and American companies didn't
Free market capitalism.
Luckily, national security risks have been eliminated by a 15% piece of the action.
Africans are entirely capable of mastering some of the skills necessary to make use of products and processes created by others--for a while.
As far back as the 1830s the Egyptian ruler Muhammed Ali invested tons of money into modern cotton ginning and spinning, with state-of-the-art tech from Europe. It went nowhere, and of course the infrastructure that the West and China have provided--and that the Boers installed in South Africa, are falling apart.
FTR, I don't believe in the equality of peoples and cultures, but it's not necessary to be a racist to see what's obvious.
@Leland
I see nothing wrong with Big Mike’s comment. When someone paints with a big brush that an entire continent is inferior without providing any supporting rationale, it seems fair to note it.
I wasn’t aiming to write a white paper in a Sunday night open thread — I was responding to Buwaya’s comment about the “entire world itching to be the world’s workshop.” My remark was a short take on development timelines, not a sweeping judgment about an entire continent. I’d appreciate if people took a moment to consider the context before attributing beliefs to me that I do not hold.
@Leland
I’m not arguing that Africa lacks ships or planes. As Sowell and others have noted, factors like limited safe harbors, reliance on a few navigable rivers, and the economic effects of tribalism can still slow industrial development. These aren’t about capability — they’re about structural headwinds that take time to address.
That’s why my original comment ended with, “Huge potential, but a lot of complexity acting as a headwind.”
Being “late to the party” can help in some areas — leapfrogging older systems, for example in telecom — but closing the gap continent-wide is still a long-term process even under favorable conditions.
Leland — I appreciate that you asked a direct question and offered substantive points. That’s how I’d prefer to engage.
By contrast, Big Mike didn’t respond to my point at all — he spoke about me in the third person, imputed a belief I do not hold, and offered no substance.
I’m not arguing that Africa lacks ships or planes.
You made no argument at all. You made a statement that I won't call baseless, but you didn't back it up with anything, so I wouldn't disagree with someone calling it baseless.
Of course no one up in hear realizes on the day trump (TACO DON) said He was gonna do Tariff on Russia,you know 50,days 10 days oh wait,lets have a meeting with propoitions already been rejected and we bring a war criminal into US territiory to make a laughing stock of trump who has been plaed th ewhle way.Even this guy knows this is bogus show,no Zelensky ,,here it is 'the deal zelensky they raid your country ,take your land and the deal is you give them the land and go your merry way and we'll stop killing you(till next time.WTF this is as see thu a cellophane.Some deal This is mor elook ove here ,with Nationl guard ,Putin,Bibi..just RELEASE THE TAPES..like you said you woud(but only half the country beieved you...
I suspect Big Mike has a general rule of not offering substance to the bloodless.
kakscheisser®
@Leland
It was just a depiction of a horizon I can’t see yet but think will happen. If you have numbers that suggest the horizon is closer, I’d genuinely like to see them — you seem quite knowledgeable in this arena.
Planning to dig into sector-by-sector growth across Africa — looking at hubs and surrounding regions to see if supporting industries are forming. I’ll share results in future open threads; of course, outside influences and future crises can shift the picture.
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