Page 68 - Computer Chips News Today

Years ago which explains why president biden reacted during his first tv interview. it was this week with lester holt, first of the year. >> i think it was back in july you said inflation was going to be temporary. i think a lot of americans are wondering what your definition of "temporary" is? >> well, youre being a wise guy with me a little bit. i understand thats your job. >> supply chain issues are affecting everything from food in the supermarket to computer chips to auto parts. and, of cou...

To do. >> i just want to clarify here, are you rejecting the conclusions or the accounts that were in this army report? >> yes i am. >> they are not true. >> i am rejecting them. >> then, there was todays sour headline on the economy. inflation, skyrocketing to 7. 5%. a 40 year high. prices still spiking on everything from used cars, to gas, to food. inflation now costing the american an extra $275 a month compared to last year. >> i think it was back in july, you said inflation was going to be ...

Automobiles, the lack of computer chips to be able to build those automobiles so they could function, they need those computer chips, they were not available. so what happens? with a number of cars were reduced, it made up 1.1 third the cost of official because the press of automobiles were up. so what i did when i went out i made sure to make those domestically. we put in a new facility and number for guns agents are doing the same kinds of things. >> when can americans expect from this? >> acc...

Companies to slow or even shut down production in some of the factories they own. we know that ford, gm, honda, and that owns chrysler had the production impacted and we just learned this morning that toyota is slowing production at factories in west virginia and alabama. hundreds of miles away from this bridge in ontario. and all connected the north america economy is, especially when it comes to autos. its not just the canadian auto industry or u.s. auto industry. theyre really all joined at t...

Thats the most in 30 years. so theres a bit of a renaissance already going on there. you heard the company youre talking about, named tritium, australian company, going to build 30,000 ev chargers here in the u.s. in tennessee, hundreds of jobs, good jobs, good paying jobs. now, you raise a great question about semiconductor chips. there is very important legislation. its moved through the senate. in fact, it got 68 votes in the senate. what gets 68 votes in the senate these days? not much. but ...

Production at factories owned by ford, gm, toyota, honda, and chrysler. keep in mind, we were already dealing with a shortage of cars driven by a worldwide shortage of computer chips. this latest disruption wont help, and it could make prices go even higher depending upon how long this disruption lasts. the good news is that many economists do think inflation will cool off, perhaps by the spring. and by the end of the year, we could be looking at inflation rate well below current levels. fredric...

Forward is neon gas, this is very little-known. and most circles back that the ukraine accounts for 90% of the neon gas at the semiconductors used to make computer chips. we arty have a global shortage of computer chips. if the neon drives up, where does that leave us? >> high and dry, one of the things in the next tranche to borrow president bidens word of sanctions might actually be the finished product. we might actually stop russia from being able to get any finish on the semiconductor produ...

Think the job for american policy is to try to squeeze them, to force them to take a stand on this and use their leverage with russia to get putin to back off this dangerous course he is on. >> we are certainly seeing these sanctions squeeze putin. news that the ruble is down 30%. weve also applied these export controls which stops countries from sending things in my computer chips. china is supplying 70%. my question is can russias solely depend, can they survive long enough with just the suppo...

Report. the unemployment rate ticked down. we saw job gains across the board in manufacturing, in leisure, in construction and so it has, as the labor secretary suggested, returned us to about 92% of where we were prepandemic. it also on the flip side is a slight negative in so far as it gives the federal reserve to raise rates. then again, we have a strong economy. it is being hobbled by inflation effort and now with this ongoing war in ukraine, were seeing further interruptions like the export...

This is bbc news with the latest business headlines for viewers in the uk and around the world. after nearly two years, australia opens its borders to international travellers again. but with its rigid rules, will the return be a trickle, or a splash? india sets its eyes on becoming a global semiconductor hub, as the world continues to grapple with a shortage of computer chips. and how influencers on tiktok are feeling resurgence in book sales. its called booktok! we begin the programme