KW—Iranian drones cost less than $50,000 to build and launch. Yet they are taking down multi-billion-dollar fixed assets all across the Persian Gulf. Just a few examples: Bahrain’s sole oil refinery, previously running over 400,000 bpd; the largest Mideast refinery, in the UAE, with capacity of over 900,000 bpd; the world’s busiest international airport; the American embassy and consulate in Iraq. Warfighters in Washington and Tel Aviv insist that the war against Iran, measured conventionally, is already over.
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China’s newest air force jets have next-generation radars. New USAF F-35’s have no radars at all.
Gallium Nitride semiconductors are crucial for advanced radar and missile guidance applications.KEVIN WALMSLEY—Gallium Nitride semiconductors are crucial for advanced radar and missile guidance applications. China has a monopoly on gallium processing, and export bans on gallium for military use. Pentagon contractors cannot build radars for the F-35, among other platforms, because of supply chain issues related to gallium supplies. So they are delivering these aircraft with “ballast” in place of radar systems.
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KEVIN WALMSLEY—China’s biotech clusters are much larger, move much faster, and are much more innovative than in North America or Europe. Western pharmaceutical companies and Wall Street venture capital are very active in China’s biotech scene, investing billions for licensing rights to the most revolutionary drugs, to enjoy monopolistic profits outside China. This business model is worth hundreds of billions of dollars a year, while even single drugs made in China are worth tens of billions annually after approved for the US market.
