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Takes place in east asia. 90% of the most advanced chips are made in taiwan. china is doing everything it can to take over the global market. so they can try to outcompete the rest of us and have a lot of applications including military applications. folks, look, during this pandemic your pocketbook felt the consequences. inflation. higher prices. whenever a factory shuts down in one part of the world, the production and shipments of goods to shops and businesses gets disrupted. covid-19 has compounded that problem. many times over, especially with these computer chips. as a result, everything from cars to dishwashers are delayed getting to showrooms and customers. just as demand for them is up because the economy is growing. and because supply is low, because supply is low, we find ourselves in a position that we re really behind the curve. prices are going up. ....
Down almost 3% tech stocks hit especially hard, including netflix and amazon. a new push by president biden today. to expand this country s production of computer chips, those key components in all kinds of electronics. the global shortage is hitting home, especially if you tried to buy a car lately here s tom costello. reporter: it is one of the most visible broken links in the global supply chain, a shortage of computer chips. critical components in everything from pcs to cell phones, refrigerators to new cars, the shortage blamed for much of the inflation surge. everything from cars to dishwashers are delayed getting to showrooms and customers, just as demand for them is up because the economy is growing. reporter: 80% of chips are made in asia, just 12% in the u.s. today a major expansion of america s chip production touted by president biden with intel announcing a $20 billion chip factory in ohio. here s the deal ....
The investigation into the death of a Spokane, Wash., businessman exposes a web of malevolence extending from the Pacific Northwest to a North Dakota oil field. ....
Bajrang Dal members staged a protest at food joints of KFC, Dominos, Pizza Hut and showrooms of Hyundai Motor Company and Kia Motors in Ahmedabad on Saturday against their alleged social media post supporting Kashmir Solidarity Day . ....