RE:RE:What’s driving oil price?Further to my previous post and just for information purposes only, however irrelevant some may think the infirmation is, who btw can simply ignore my posts, Intel is building a huge $20 billion semiconductor wafer chip manufacturing complex near Colombus, Ohio expected to be operational by 2025. They will use the Dutch invented, patented, cutting edge EUV lithology technology and machines, under license, costing about $300 million each.
Taiwan is currently the global leader of chip manufacturing but they also use the Dutch technology. China is scrambling to reverse engineer older wafer manufacturing technology and is having problems even doing that. Since most stuff have chips in them these days it looks like the Americans are looking to be a major player in chip manufacturing. So it follows that more and more manufacturing will shift towards the Americas, especially Mexico which is a member of the North American free trade agreement along with the US and Canada.
The interesting part is that Intel has built a research centre in Mexico to test and verify new technology involving NAND gates or something like that (I know little about tech). Cisco built a $2 billion research centre in Mexico as well. It appears that Mexico is starting to even replace the huge tech research R&D hub in Bangalore, India.
Anyway, something to keep an eye on. That Intel plant in Ohio will supply a lot of chips needed in manufacturing. Chip supply chain constraints, like what happened during Covid, will be alleviated. Wouldn't it be great for oil&gas if North America became the world's factory?
Yeah, just buy bte now when it's cheap. In around 10 to 15 years from now sell some to pay for kids, grandkids education or whatever.