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/520973-us-semiconductor-shortage-biden-plan/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| US facing enormous shortage of semiconductors & no government money could fix it, economist tells Boom Bust | US facing enormous shortage of semiconductors & no government money could fix it, economist tells Boom Bust |
| (5 months later) | |
| US President Joe Biden has signed an executive order aimed at addressing a global semiconductor chip shortage. His infrastructure plan also includes $50 billion for the American semiconductor industry. | US President Joe Biden has signed an executive order aimed at addressing a global semiconductor chip shortage. His infrastructure plan also includes $50 billion for the American semiconductor industry. |
| RT’s Boom Bust is joined by Jeffrey Tucker of the American Institute for Economic Research, who says the chip shortage problem in the US started back in 2019, or even 2018, with the disruption of supply chains from China. | RT’s Boom Bust is joined by Jeffrey Tucker of the American Institute for Economic Research, who says the chip shortage problem in the US started back in 2019, or even 2018, with the disruption of supply chains from China. |
| “That is the real underlying issue here,” he says, adding that “The Trump administration really began to construct a kind of gigantic technology wall between the US and China, and other places in the world.” | “That is the real underlying issue here,” he says, adding that “The Trump administration really began to construct a kind of gigantic technology wall between the US and China, and other places in the world.” |
| Tucker explains that the real problem is that “it’s made enormous shortages in this country and everybody knows that. So, we’ve got to fix that problem and no amount of government spending is going to fix it.” | Tucker explains that the real problem is that “it’s made enormous shortages in this country and everybody knows that. So, we’ve got to fix that problem and no amount of government spending is going to fix it.” |
| 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. |