If that island were blockaded, that capacity were destroyed, it would be an economic apocalypse. So We are reshoring the semiconductor industry to the US. with the defense contractors. The defense contractors are no different than the systemically important banks. They exist like the systemically important banks exist because of the backstop from the Fed, because of the regulations. (25:08–25:14)
CLAIM
Asserts that efforts are underway to bring semiconductor manufacturing back to the US.
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.
