US chipmakers begging for government bailout after manufacturing moved to Asia – Max Keiser ...News

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US chipmakers begging for government bailout after manufacturing moved to Asia – Max Keiser
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.” 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 h

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