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Is a $52 billion boost enough to end a global chip shortage?

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As the race to combat the global chip shortage continues the Biden administration is big to end the crisis

US President Joe Biden is preparing to spend $52 billion to boost the worsening shortage of semiconductor chips.

The White House is still waiting for congressional approval on the big spend but is pushing ahead with plans of how to invest the money wisely.

The Commerce Secretary says America “needs to incentivise the manufacturing of chips” if the country wants the crisis to end.

She added that officials have been speaking with the impacted industries on a daily basis which has helped address the shortage from the ground up.

Whilst there have been reports that the sector is gradually improving, but the car manufacturing sector may still be impacted by delays.

Biden recently called for Semiconductor chips to be produced locally in the US, but this company is ignoring his plea.

Semiconductor manufacturer ‘Global Foundries’ has ignored US President Joe Biden’s request for new plants to be built locally amid the global chip shortage.

Construction will begin on the $4 billion Asian plant in 2023. This goes against the Biden administration’s wishes to return chip manufacturing to American soil.

The company will join rivals including ‘Samsung’ and ‘Taiwan Semiconductor Manufacturing Co’ which are all also trying to address the current chip shortage.

The President has been under increasing pressure to secure a constant supply of this crucial tech that is used in so many modern devices.

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Interest rates impact investments, housing, and economy

Interest Rate Cuts: Implications for Borrowing, Housing Prices, and Australia’s Economy Post-COVID

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“Interest Rate Cuts: Implications for Borrowing, Housing Prices, and Australia’s Economy Post-COVID”

In Short

Interest rates in the US and Australia are under scrutiny as the impact of COVID-19 fades, raising concerns about investments and borrowing capacity. Experts are debating the long-term effects of Australia’s recent rate cut on housing prices and the cost of living crisis.

This development raises questions about its implications for investments, repayments, and savings.

To discuss these issues, we have Andrew Woodward from the Investor’s Way.

The rate cut has raised concerns about its impact on Australians’ borrowing capacity and the potential for rising housing prices.

There is also speculation about how this rate cut could affect the ongoing cost of living crisis in Australia. Experts are considering the possible long-term consequences of this reduction on Australia’s economy.

Many are asking whether this signals the start of a series of rate cuts by the Reserve Bank of Australia.

It’s important to examine how this shift in Australia’s monetary policy aligns with broader global economic trends.

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Hainan’s hidden paradise is transforming the global economy

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Once a quiet island, now a booming gateway—how Hainan is becoming a powerhouse of trade, innovation, and opportunity

The Big Picture unveils the incredible story behind China’s newest economic powerhouse. Host Mark Llewellyn explores a tropical island that has been transformed into a thriving hub for Australian and international businesses. As part of the Fortune Bay economic zone, this region is poised to drive China’s economy—and global growth—over the next decade. With ambitious plans in place, the opportunities for innovative and successful Australian businesses could be immense.

In this episode, discover China’s best-kept secret, where the rapidly evolving, visa-free, and largely tax-free island of Hainan is unveiled to the world for the first time. With its booming economy and vast untapped potential, Hainan presents a golden opportunity for Australian businesses looking to break into the world’s largest market. Journey through breathtaking landscapes, meet visionary leaders, and explore bold innovations shaping this emerging economic powerhouse—one poised to drive global growth for the next decade.

 

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From fishing village to tech titan—Guangzhou and Shenzhen are shaping our future

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How two Chinese megacities became the beating heart of innovation, trade, and global ambition

The Big Picture unveils the incredible story behind China’s newest economic powerhouse. Host Mark Llewellyn explores a tropical island that has been transformed into a thriving hub for Australian and international businesses. As part of the Fortune Bay economic zone, this region is poised to drive China’s economy—and global growth—over the next decade. With ambitious plans in place, the opportunities for innovative and successful Australian businesses could be immense.

In this episode, Mark Llewellyn explores the economic dynamism of Guangzhou and Shenzhen—two of China’s most vibrant cities brimming with opportunity. From Guangzhou, home to 30,000 foreign-owned companies and a rich cultural tapestry, to Shenzhen, which has evolved from a fishing village into a high-tech ‘Silicon Valley’ powerhouse, this episode uncovers the forces driving their success. Get an exclusive look inside DJI, the world’s largest drone manufacturer, and meet the visionary minds shaping the future of technology.

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