EXCLUSIVE: An Inside Look At ‘Project Takeoff,’ The Trump Admin’s Public-Private Project Declaring War On China’s Earth Mineral Stranglehold
VUONG Holdings' featured in Daily Caller's exclusive piece.
“Project Takeoff,” an initiative launched by VUONG Holdings and supported by the administration, applauded the earth mineral moves. VUONG Holdings executive chairman Vinh Vuong and president Willie Costa told Daily Caller that Trump’s order, “along with other actions taken by the President and his administration, will enable the private sector to take the lead and succeed in major initiatives to reset the global supply chain on critical and rare earth minerals.”
VUONG Holdings featured in Law360 article:
A sale hearing is scheduled for Tuesday, but Philadelphia-based Vuong Holdings filed for a continuance last week, saying it had not become aware of the auction until Sept. 20 and needed until Oct. 13 to secure proof of funds for its own $150 million bid for the company.
In text messages Monday, Vuong Executive Chairman Vinh Vuong said his company had expressed a willingness to go as high as $200 million.
"We had only 12-18 hours to return a LOI with strategy and info about our firm and we did," he said."
EXCLUSIVE: Tech Yourself: Latest FCC Vote Opens Up An Opportunity To Stamp Out Chinese Spying From 5G Infrastructure
The Federal Communications Commission (FCC), under Chairman Ajit Pai, is moving forward on a draft plan to auction 280MHz of critical 5G mid-band spectrum. This is a big leap forward that provides needed spectrum. However, this only covers the upper mid-band of the spectrum, or C-band.
As with the transition from coal to oil, or from battleships to aircraft carriers, however, even these actions won’t be enough to compete with China if we lack all the critical elements. The problem with C-band alone is that it would require the United States to build 400,000 5G towers — a task that would take a decade. With China poised to dominate world markets within a few years, that timeline is simply unacceptable.
Is there a way to jump start America’s 5G capability?