Biden's Stand for Intel to Canvass Votes or Jealous of China's Rise? F-35 Depends on China's Parts?

On September 9, Biden attended the groundbreaking ceremony of the Intel fab in Likin County, Ohio, USA, to “sell” the “chip bill” he promoted for a project platform for a chip factory that is about to break ground. China is trying to be far ahead of the U.S. in making semiconductor chips, so China is actively lobbying U.S. companies to oppose the law, telling them to only do business in China and not in the U.S. The U.S. Department of Defense has announced it is suspending receipt of Lockheed Martin F-35 fighter jets. However, the Pentagon official in charge of the project said that all F-35 fighter jets delivered so far have used the part, but this does not pose a national security risk, so an exemption will be sought to restore supplies. The Pentagon's Defense Contract Management Agency reported earlier that the alloy used in the magnets in the turbine engines of the F-35 fighter jets purchased by the U.S. Department of Defense was produced in China, in violation of U.S. law and Pentagon procurement regulations. Delivery of the F-35. But both the Pentagon's F-35 Joint Program Office and arms supplier Lockheed Martin have insisted that the Chinese-made alloy was magnetized in the United States without giving any other country access to sensitive information, and said there were no security concerns. Following South Korea, the European Union also said it was evaluating whether the U.S. Inflation Reduction Act violated WTO guidelines. An important part of the "Inflation Reduction Act" is to provide a tax credit of up to $7,500 a year for consumers buying North American-made electric vehicles in the United States. Due to the US restrictions on the source of battery materials and the location of assembly, the most impacted is that local cars exported from South Korea to the United States may be excluded from the scope of subsidies.

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