Bloomberg Talks Senator John Cornyn (R) Texas Talks Economy
Sep 18, 2025
Senator John Cornyn dives into critical economic issues, advocating for reshoring semiconductor production to bolster national security. He voices concerns about U.S. reliance on China for rare earths and pushes back against excessive government involvement in energy sectors. The looming funding deadline sparks debate as Cornyn highlights partisan tensions, expressing optimism about avoiding a government shutdown. Personal insights on energy policies and strategic investments round out a dynamic conversation.
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Semiconductor Manufacturing Is A Security Issue
- Senator John Cornyn argues boosting domestic advanced semiconductor manufacturing addresses a national security risk from foreign concentration.
- He welcomes private investment like NVIDIA's as a positive business and security development.
Industry Struggles Are Not Unusual
- Cornyn notes semiconductor manufacturing is a very tough, competitive field with recurring struggles for firms like Intel.
- He frames current challenges as part of normal industry history rather than a reason to reject investment.
Rare Earths Create Strategic Vulnerability
- Cornyn highlights U.S. dependence on China for processing critical minerals and rare earths as a strategic vulnerability.
- He warns China's monopoly gives them leverage to undermine U.S. industries and security over time.