The chip industry has seen a lot of cycles. Is this a case of kind of belling at an industry that didn't make smart decisions five, ten years ago? Or is this about something very different in in a very competitive global environment and it makes sense that the government should do and assist here s ? We also have supply chain security goals that have never been considerations before. Previously it was all about efficient use of capital,. Now were saying, we need to look at this differently, and that's what's going on.
Bloomberg News Economics Reporter Rich Miller explains why the Federal Reserve will probably have to inflict much more pain on the economy to get inflation under control. Bloomberg Businessweek Editor Joel Weber and Bloomberg News U.S. Semiconductor & Networking Reporter Ian King share the details of Ian's Businessweek Magazine story US Risks Falling Even Further Behind With Tortured Chips Act. Bloomberg Intelligence Senior Software & IT Services Analyst Anurag Rana reports on Apple announcing a rare retail promotion in China on Monday, offering four days of discounts on its top-tier iPhones and related accessories. And we Drive to the Close with Christopher Zook, CIO of CAZ Investments.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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