TSMC serves almost all of the world's major tech companies that has around 90 percent market share when it comes to the most advanced processor chips. It does have some more political pressure from the US government, from Japan, from its own government to make sure it's producing it off at home. And I think right now what we're seeing is a tug of war between the business dynamics in which business is going great for TSMC and the political impulses of many other governments that want to see a change in its business model.
Bloomberg News Senior Wealth Reporter Heather Perlberg talks about how a $1.5 trillion program for home buyers is propping up banks. Chris Miller, Associate Professor at Tufts University and author of Chip War: The Fight for the World's Most Critical Technology, shares his insight on the latest news from the volatile semiconductor industry. Dr. Ellen Wald, President of Transversal Consulting, discusses Saudi Arabia’s pledge to shave an extra 1 million barrels-a-day from its production in July. And we Drive to the Close with Lisa Erickson, Head of Public Markets Group at U.S. Bank Wealth Management.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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