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David McCormick: “We're competing against subsidized capital expenditures for…”

Featuring: David McCormick, Republican | U.S. Senate, Pennsylvania

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Superpower in Peril: A Conversation with David H. McCormick | LIVE STREAM

Published | Video Starts at 48:30

So to reshore, we have a skilled worker problem, which is one of the reasons I try to hit that so hard in the book. We've got a capital problem. There's. We're competing against subsidized capital expenditures for these semiconductor fab sensors. We have to solve that problem because no company without solving that problem is going to be able to compete globally. (48:30–48:35)

CLAIM

Asserts that the U.S. is competing against subsidized capital expenditures in semiconductor manufacturing.

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