US trade rep calls semiconductors key to future economy at Senate hearing

Texas Senator John Cornyn asks US trade representative Robert Lighthizer at a Senate Finance Committee oversight hearing about the future need to import or even sole-source semiconductors from overseas after President Trump reduced imports from China by half though many critical high end semiconductors were manufactured in Taiwan and the administration had noted negotiated a foundry in Arizona, asking recommendations to incentivize US production through the tax code, Lighthizer answering if America could not make the highest level of semiconductors in the United States in 10 years than shame, one of those predictable things since no matter what happens, Summit conductors would be a key part of the economy of the future and for those who care about artificial intelligence and how important that was for the future of American security as well as industry without semiconductors there must be American companies manufacturing in the US, noting that the leading company traditionally was Intel who must be a part of the solution.