factory of fabrication facility costs billions of dollars to make, they don t last very long either because production technology keeps advancing, so a lot of european and british and evenjapanese companies have outsourced the manufacture of the chips to these taiwanese companies. the chips to these taiwanese companies- the chips to these taiwanese com anies. . , ., , ., the chips to these taiwanese com anies. . , .,, ., ,, companies. and this was a huge issue durin: the companies. and this was a huge issue during the pandemic, companies. and this was a huge issue during the pandemic, when companies. and this was a huge issue during the pandemic, when supply - during the pandemic, when supply chains were disrupted, shipping didn t operate properly, global trade lost ground to a halt and we saw how vulnerable countries around the world were not able to get those chips. even car shortages as a result. countries quite clearly looking to diversify, but as he touched on, it s not that
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traders are reacting to news of a deal. we need to get to jessica yellen who s at the white house now. the president came out a short time ago and said it appears a deal is in the works. not the perfect deal but one that will keep america from going into default. that s right, don. i have more information about how it came together. i came from a briefing with senior white house officials who say it happened between 8:10 and 8:20 when the vice president and the president, i should say and the vice president called the congressional leaders and affirmeded that they do, in fact, have a deal. this all started, we are told, after the boehner bill was voted on on friday. and once that went through, once they had the vote in the house of representatives they say things started rolling. they began negotiations here. as we have been reporting, vice president biden was actively engaged in talking back and forth with the leaders throughout the past few days. the white house has a sli