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John Cornyn: “By 2024, [the U.S.] share represented only 8% of the…”

Featuring: John Cornyn, Republican | U.S. Senate, Texas

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Cornyn Hails CHIPS Successes, Texas Semiconductor Boom

Published | Video Starts at 03:51

Going back to 1990, the United States produced nearly 40% of the world's semiconductors. But over time, we lost our advantage in this critical industry. By 2021, this figure had decreased to 12%. And By 2024, [the U.S.] share represented only 8% of the advanced semiconductors made in the world. With China threatening the invasion of Taiwan and the possibility of disruption as a result of another pandemic or perhaps a natural disaster, this issue has never been more important. (03:51–04:00)

CLAIM

Asserts that by 2024, the U.S. share of advanced semiconductor production was 8%.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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