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Production. so the need to import chips is extraordinary and in fact 90% of our chips are coming from asia, taiwan and asia. >> bret: bloomberg the global fight over chips about to get worse. china has been spending about what could amount 150 billion by 2030 to jump start production. >> the country is still far behind especially when it comes to advanced chip making catching up quickly. south korea wants to become the biggest chip producer employing $140 billion into the agency by 2030. gary, you add to that the dynamic of china and taiwan, where a lot of the chip-making is. and this becomes ...

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Avert a russian invasion of ukraine. >> you will ask me all about russia. >> reporter: president biden pushing the focus back to the domestic front. >> these facilities are a symbol of what america is all about. >> reporter: touting the announcement by intel it would invest $20 billion in new chip making. >> i made clear while i was running for president and from day one of this administration, we are going to invest in america. we are investing in american workers. >> reporter: underscore a central administration focus on bolstering domestic semiconductor production amid supply and national s...

The acquisition gets Intel customers and expertise in the foundry business as it seeks to expand beyond producing its own designs.

News Analysis Huawei has been ramping up investments in chip companies in the past three years as a ...