CEOs Call on Lawmakers to Speed Chip Aid

The video discusses the pervasive role of semiconductors in the global economy, highlighting the industry's growth and the challenges of supply-demand imbalance. It emphasizes the importance of increasing US manufacturing for economic and national security. The discussion includes Global Foundries' IPO and its strategic use of proceeds for capacity expansion. The video also touches on legislative efforts in the US and compares progress with Europe.

Why is increasing chip manufacturing in the United States considered important?

• To ensure supply chain, economic, and national security

• To decrease the global demand for semiconductors

• To increase the export of semiconductors

• To reduce the cost of semiconductors

When is the semiconductor industry expected to achieve a balance between supply and demand?

• By the end of 2022

• In 2023

• In 2025

• By the end of 2021

How does the complexity of semiconductor manufacturing affect the industry?

• It increases the speed of production

• It simplifies the supply chain

• It creates a lag in adding capacity

• It reduces the cost of production

What was a significant reason for Global Foundries going public?

• To become a leading global brand

• To merge with another company

• To raise capital for expanding capacity

• To reduce operational costs

What challenge does Europe face in semiconductor manufacturing compared to the United States?

• Higher production costs

• Longer consensus-building process

• Lack of skilled workforce

• Limited access to raw materials