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. with the war over chips heating up, countries like india might play a bigger role in production in the future. now, in this industry, size matters. the smaller, the better. thes
offer of a truce, now ended, was deceitful. he said peace in ukraine would only be restored when russian forces were expelled. kevin mccarthy has been sworn in as speaker of the us house of representatives, after 15 rounds of voting. a small group of republican rebels had derailed each previous attempt. the new speaker says it was the influence of former president trump that helped him secure the position. iran has been widely condemned after executing two more anti government protesters. mohammad mahdi karami and seyed mohammad hosseini had appealed against their sentences for killing a member of the security forces during nationwide protests against the government last year. they said they d been tortured into making false confessions. now on bbc news, talking business. 100 years ago, oil was the most sought after commodity. today, it s these chips that run the world. they provide the processing power for everything we use, from smartphones to aircraft and cars to microwave
family members say they were not permitted to meet the men before they were killed. president volodymyr zelensky welcomes the announcement of the us supplying ukraine with armoured fighting vehicles for the first time. meanwhile, russia s unilateral ceasefire appears to have had little effect on the front line. you re watching bbc news. now, it s time for talking business. a hundred years ago, oil was the most sought after commodity. today, it s these chips that run the world. they provide the processing power for everything we use, from smartphones to aircraft and cars to microwaves. but the fight for who controls the supply chains, the network of companies that make these devices, is escalating. translation: we will focus on national strategic needs l 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 s
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 the growth in demand, we need to add new capacity. so us new manufacturing fabs that
of a 737 max plane shortly after take off. and a preliminary investigation revealed the door was missing four bolts. the ntsb chair reiterated to congress last week that boeing has said there are no records documenting the removal of the alaska airlines door. i m not going to sugar coat this. this is a criminal cover up. records do, in fact, exist. i know this because i ve personally passed them to the fbi. boeing, which is one of the world s two major producers of commercial planes, insists its jets are safe. as for its culture, in a statement to the bbc, boeing said it was taking steps to foster a safety culture that empowers and encourages all employees to raise their voices. it said retaliation was strictly prohibited. the plane maker s ceo, david calhoun, didn t appear today, but lawmakers said they expect him to testify in the future. united airlines says it will receive compensation from boeing over the grounding of it 737 max 8 planes. united did not specify the amoun