s revised their outlook for production plans in 2023 by 20%, in the long run we expect investment in more fabrication facilities in the us and europe, driven by the public incentives just discuss to help. howeverthe incentives just discuss to help. however the risk here is the timing of all these remedial actions, especially as fabrication can take years to bring to production, by the time they come on stream, the economies are in the middle of a global recession and we suddenly have a glut of supply weak demand and place drops across semiconductors have historically been as cyclical sector. let s get some of the day s other news. paypal has also reported quarterly results. and the news seemed to please investors with shares of the online payments giant jumping more than 12 percent in extended trading.
only four companies who control the vast majority of the market. one company, in particular, controls almost all of it. that s abbott. is there talk? are you hearing talk about trying to diversify this market so if one plant goes offline it doesn t cause a problem like this? i don t know. i know the white house they said they re working on every avenue they can find. and imploring the defense authorization act will ramp things up at places that exist. i know the fda process of approving plants is a cumbersome one. you have to meet a lot of standards. they want to keep babies healthy. i think it might take a long time to ramp up new production plans. i want to make the point. you keep hearing it. why don t women breastfeed? it s not possible for a lot of women. a lot of complications, supply runs out, and a lot of us go back to work. yeah. there s not areas to pump at work or it doesn t work in the same way. formula is necessary.
banking and commodities sanctions. in the meantime the price of brent crude still keeps hitting new peaks. yesterday the oil producing countries who are members of 0pec declined to change their own production plans. sticking to a small pre planned increase. perhaps because russia was chairing the meeting. do you see any cracks in that position? could diplomatic pressure be put upon saudi arabia? to start turning the taps and releasing more oil?- to start turning the taps and releasing more oil? 0pec said yesterday releasing more oil? 0pec said yesterday that releasing more oil? 0pec said yesterday that the releasing more oil? 0pec said yesterday that the reason i releasing more oil? 0pec said yesterday that the reason for| yesterday that the reason for maintaining the status quo is the market fundamentals have not changed, just geopolitics. but we have seen that geopolitics has changed the market fundamentals and when prices get too high, all 0pec members are likely to see demand