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Transcripts for FOXNEWS Special Report With Bret Baier 20211011 22:17:00

senator john cornyn of texas cosponsored the $52 million chips for america act to try to turn the tribe. literally everything that has been off and on switch depends on semiconductors. the u.s. dominates the developments basement manufacturing happens mostly overseas. pandemic related shortages inspired an executive order and the situation seems to be getting worse. a bigger variable: the sensitive manufacturing process. as long as no grain of sand falls into the swimming pool. a trip inside one of the top semiconductor research institutions in an state requires full decontamination. an electrical fire at a japanese auto chipmaker affected a third of global supplies. semiconductor history is uniquely american. silicon valley is named for the stuff they are made out of. gradual outsourcing helped companies like taiwan s company growth to produce some two-thirds of today s chips. quantitative finance professor george calhoun argues that has

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