US President Joe Biden has encouraged US firms to expand semiconductor production amid a shortage that has played a role in driving inflation higher
AFP: US firms have only few days supply of semiconductors: govt
American companies have an average of less than five days worth of semiconductors on hand, a level leaving them vulnerable to production shutdowns if supply is disrupted, the Commerce Department said Tuesday.
The findings from a survey of more than 150 firms last September underscore the precarious situation US companies face amid a global shortage of the crucial computer chips, which has already forced some businesses to slash production and contributed to an ongoing spike in inflation.
President Joe Biden wants to invest $52 billion in domestic semiconductor research and production, but while the US Senate has approved a bill to do so, the House of Representatives has yet to act.
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WNU Editor: Russia and China are also addressing this "threat" .... The key area where China must now pair up with Russia to defy the US (RT).
12 comments:
Shutdown the global economy once, then place draconian vaccination policies on the economy gets you wide spread shortages.
Play stupid games, win stupid prizes.
Tar, feather, ride a rail is the only solution for the idiots in charge of the USA.
the chip shortage began before the virus hit
"the chip shortage began before the virus hit"
Your point girlie boy? The reactions to the mild pandemic made it worse. Biden and others talked almost exclusively about Russia and very little about China from JAN 2009 through JAN 2021. But of course they did. Bill Clinton only got $ 500,000 from the the Russians for half hour speech on something. Baby Hunter only got $ 3.5 million from the widow of the mayor of Moscow.
Hunter Biden Received a $3.5 Million Payment From Ex-Moscow Mayor's Wife
What for? Did Hunter act as a gigolo? Did he chow down on the muff burger?
But it is okay to go after Russia, since China was the high bidder.
The White House has sought to encourage American businesses to invest in domestic semiconductor facilities, and on Friday Biden praised Intel's plan to spend $20 billion on a new US facility to build the chips.
What's a matter girlie boy? Where's the indictment of Carlson, girlie boy?
Here is an example of Democrats getting kid glove treatment.
FBI director exonerated Hillary Clinton of the bathtub server law breaking. Cops, state, local or federal, do not make decision to prosecute. District attorneys and attorney generals do that. The attorney general Loretta Lynch was supposed to make the decision, but there Comey was on TV exonerating the Hillary. That plus Loretta Lynch meeting with Bill Clinton on the tarmac showed the fix was in. the Clintons were not directly in power, but in a few months they could be, so people on the inside did not prosecute for political reasons.
That was Hillary. We know the same applies to Hunter especially when his father is president.
As slow as the justice system is except when exonerating Democrats, any indictment or investigation of Hunter would be quashed as soon as the Democrats declared victory on November 4th.
The only way Hunter gets investigate, indicted and convicted is if the Democrat Machine thinks Biden is such dead weight that they want to do to Joe what they did to Andrew Cuomo.
As far as I am concerned you are a foreign agent or you a really loathsome excuse for an American citizen.
This would have been good infrastructure spending imo.
Yes you served, but will not show your DD-214, how come?
You served, but you were a desk jockey!
desk jockey, yes! But VD was a real and ever present threat!
Biden is a national security threat. Along with all of his communist friends.
Oh he's safe he likes girlie boys!
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