This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/523456-us-chipmakers-seek-bailout/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| US chipmakers begging for government bailout after manufacturing moved to Asia – Max Keiser | US chipmakers begging for government bailout after manufacturing moved to Asia – Max Keiser |
| (4 months later) | |
| RT’s Keiser Report hosts Max Keiser and Stacy Herbert look at how the export of the American manufacturing base by technology companies such as Intel has created a semiconductor chip shortage in the United States. | RT’s Keiser Report hosts Max Keiser and Stacy Herbert look at how the export of the American manufacturing base by technology companies such as Intel has created a semiconductor chip shortage in the United States. |
| Stacy quotes an article on Wolfstreet.com that points out that “US semiconductor manufacturing has declined to where it is only 12% of the world’s total.” | Stacy quotes an article on Wolfstreet.com that points out that “US semiconductor manufacturing has declined to where it is only 12% of the world’s total.” |
| In the same article, Intel CEO Pat Gelsinger calls the current supply a problem, “Because relying on one region, especially one as unpredictable as Asia,” where 75% of the chips are now made, “is highly risky.” | In the same article, Intel CEO Pat Gelsinger calls the current supply a problem, “Because relying on one region, especially one as unpredictable as Asia,” where 75% of the chips are now made, “is highly risky.” |
| READ MORE: Volkswagen expects global chip shortage to further hit output with no chance to recoup existing losses – reports | READ MORE: Volkswagen expects global chip shortage to further hit output with no chance to recoup existing losses – reports |
| Stacy points out that, after spending billions of dollars on share buybacks instead of investing in chip manufacturing, Intel is asking the US government for a $50 billion bailout and blaming Asia for creating the problem. | Stacy points out that, after spending billions of dollars on share buybacks instead of investing in chip manufacturing, Intel is asking the US government for a $50 billion bailout and blaming Asia for creating the problem. |
| According to Max, in order to get their hands on more taxpayer money, companies such as Intel are resorting to xenophobic attacks on China and other Asian nations. | According to Max, in order to get their hands on more taxpayer money, companies such as Intel are resorting to xenophobic attacks on China and other Asian nations. |
| “There’s no end to it. The lies, the deception, the racism, the xenophobia, the class war will never end as long as there’s free money available,” said Keiser. | “There’s no end to it. The lies, the deception, the racism, the xenophobia, the class war will never end as long as there’s free money available,” said Keiser. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
| Dear readers and commenters, | |
| We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system. | |
| Sorry for the inconvenience, and looking forward to your future comments, | |
| RT Team. |