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Transcripts for CNN CNN Newsroom With Poppy Harlow and Jim Sciutto 20220117 14:42:00

it s out of the senate waiting in house for action. there s no reason we can t get this done. time to sign the act and get moving. one of the areas where the parties are in agreement. congressman bacon, how much of this is based on fears of china s threat to taiwan, a possibility of invasion there and immediately you lose a big portion of the world that we depend on for these chips? jim, that s a very good point. taiwan is under threat from china. we rely quite a bit on taiwan for semiconduct yours ors we rely quite a bit on taiwan for semiconduct your and we can be dependent overseas for a big part of our economy. we see it with our automobiles as josh already mentioned, without the semiconductors, people are waiting seven, eight, nine months to get a new car. yep. but you re right. taiwan is vulnerable. a lot of our semiconductors we get from taiwan and a huge issue. cars basically are like computers before wheels. everything s dependent on chips.

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