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jake, quickly, with regards to the semi conductors, i mean, is it also part of the materials that are used to make them? i mean, i guess a lot of folks are trying to figure out how it is we managed to get beat so early to the punch on semi conductor manufacturing in our country. well, what it really is was a significant investment on the part of the taiwan government. as early as the 19 0s, they began to see the possibility of being a world leader. they punched a lot of money into the sector. at this point we have congress considering the chips act which would put about $50 billion into a domestic semi conductor industry. the largest manufacturer of semi conductors in the world, tsmc, they are going to put about $100 billion over the next three years into rnd alone. so the early investment that that country made in semi conductors is why they are so far ahead of the game now. mike memoli, let s pivot for a moment. of course, the big story in our
together is always just beginning to dawn on people here, i think. now, i want to think congressman romundo. look, they laid out today s big announcement. why one of america s most important companies. the historic investment for ohio, one of the largest investments in semi conductor manufacturing in american history. a brand new $20 billion campus outside of columbus, ohio. 7,000 construction jobs. 3,000 full-time jobs. i said i may need a job. he said it s not bad. he said over $100,000 on the line, but i have to get some training. look, at the singular look, to be able to say made in ohio, made in america, we used to
bill: supply shortages to microchips to lead to a major national security threat. the leading producers of the chips used from cell phones to cars is in taiwan. rich edson is at the state department with more. what did you find out? good morning, bill and dana. they are called semi conductors and in the equipment that the united states military buys. it is a manufacturing center that the u.s. and europe once dominated and largely moved to asia. somewhat luckily for the u.s. american allies like taiwan, south korea and japan are now the global leaders in semi conductor manufacturing though china s industry is growing. the chinese government is investing heavily trying to become the world leader in chip production. one american industry whistleblower tells us the united states needs to boost american production and fast. whoever wins the race for
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