than it has seen in the past. and this will not go away. it will not go away because we are moving from a system in which we had lots of pipeline import towards a system which is much more lng dependent and lng isjust more expensive than pipelines. so that means that we are now moving from a lower level to a higher level when it comes to the energy prices. and that is a disadvantage versus to us, which is remaining basically on a significantly lower level. and we are now catching up with asia, which traditionally has been on a higher energy level. so we have lost versus the us, we have lost versus asia. we cannot hope that this will go away. so we need to compensate for that in other areas. so we need to compensate for that in other areas. well, let me ask you this, leo, as the big boss of certainly one of europe s biggest power providers. did europe put all its eggs in one basket in terms of relying on russian energy? no, we did not. we had other suppliers like the lng in the uk. we h
it will not go away because we are moving from a system in which we had lots of pipeline import towards a system which is much more lng dependent and lng isjust more expensive than pipelines. so that means that we are now moving from a lower level to a higher level when it comes to the energy prices. and that is a disadvantage versus to us, which is remaining basically on a significantly lower level. and we are now catching up with asia, which traditionally has been on a higher energy level. so we have lost versus the us, we have lost versus asia. we cannot hope that this will go away so we need to compensate for that in other areas. well, let me ask you this, leo, as the big boss of certainly one of europe s biggest power providers. did europe put all its eggs in one basket, in terms of relying on russian energy? no, we did not. we had other suppliers like the lng in the uk. we had lots of lng
executive of micron, and started by asking him how that legislation will affect his business. well, the us chips act is helping level the playing field. over the course of the last couple of decades, a lot of the manufacturing of silicon moved to asia because of the incentives provided by the governments here, and now us chips act is able to bridge the cost gap that exists in production in the us versus asia. so us chips act will provide the necessary grants and the investment tax credits to enable more manufacturing in the us. yeah, i m glad you mentioned cost, because there s a reason that the supply chains move to asia in the first place, isn t there? are you confident that the us can be the dominant manufacturer? well, the supply chains for memory manufacturing will be diversified. of course, micron has a well diversified footprint of manufacturing here in asia, and micron will continue to invest in ourfabs in asia to meet the demand needs of the future. but also in order to meet t
and pool our resources together to boost cutting edge research in science and technology domestically, and resolutely win the battle in key technologies. so instead of relying on chips made overseas in places like china, the supply chain for those chips will be here in america. welcome to talking business asia. i m suranjana tewari. most semiconductors are made in asia. i m in one of the areas of singapore where a lot of that fabrication happens, but the entire ecosystem stretches throughout the world. take this iphone, for example. it s been built around chips that were designed by apple over in the us, manufactured by companies like taiwan semiconductor manufacturing company, ortsmc, in taiwan. chips made injapan and south korea may also be in this phone. a lot of the assembly then happens in china.
worldwide. so you can see that majority of the investments will, of course, be occurring in our supply chain, wafer manufacturing and assembly and test manufacturing infrastructure that we have here in asia. so all of this is going to coexist. micron will continue to, of course, make investments in our asia manufacturing operations, waferfab, as well as assembly and test, as well as continue to advance our r&d teams here in asia as we continue to bring up manufacturing in us to meet the second half of this decade demand. is the us right to be so concerned about china s progress on advanced semiconductors? well, ithink, you know, i m not going to be commenting specifically on us policies because that is really a matter for the governments to decide.