tom caulfield is next.berg. ♪ emily: despite global supply chain is and a massive chip shortage. ceo tom caulfield talked about the company's future and his outlook for when chip supply will finally be able to meet demand. >> over the next two years, 2021 and 2022, we're going to be deploying $6.5 billion in deployment to enhance our company. part of that, what we raised today will go to part of the funding for that expansion. emily: is that expansion going to come soon enough to help solve this crisis? >> we started this expansion at the end of 2020. we were spending about 4 billion in singapore, a billion in the u.s. and a billion and a half in dresden, germany, so each quarter we were creating more capacity and being able to close that gap in some of the demand. emily: i'm wondering what the rationale is for a low-float i.p.o. are you going to be capping capital markets again at all in any fashion? >> this is not a stock for like a day trader. this is stock for long-term investors. this is a methodical w

i want to bring in one of the signatories of that letter, global foundries ceo tom caulfield. nd us why this is so important. tom: today semi conductors are so pervasive in everything that we do as humans in engagement. it's just this pervasiveness of semi conductors that touches everything. it is the center of the world global economy. you can understand how disruptions are impactful around the world. emily: what would be different if more chip manufacturing would be happening in the u.s. right now? tom: i think that is more about getting balance. this half a trillion dollar initiative will double in the next eight to 10 years. 40% of that semi conductor industry is product that comes through u.s. headquartered companies, but only 12% is manufactured in the u.s.. it is not just to add more capacity that the world needs, but get security for the u.s., to get economic and national security, a more secure supply in the u.s. emily: when will supply meet demand? how far out is that? tom: we have a very broad-based business. we serve almost every market segment. we still don't have

ceo tom caulfield talked about the company's future and his outlook for when chip supply will finallytwo years, 2021 and 2022, we're going to be deploying $6.5 billion in in capital the plumbing to advance our manufacturing capability. part of that, the funding for that comes from what we raise today. that will go into part of the funding for that expansion. >> is that expansion going to come soon enough to help solve the crisis? >> look, we started this expansion at the end of 2020. he started with spending $4 billion in singapore, $1 billion in the u.s., and $1.5 billion in dresden, germany. each quarter we were creating more capacity and being able to close that gap in some of the man we have. >> i'm wondering what the rationale was for a low float ipo, and what that will mean for you. are you going to be tapping the capital markets again at all in any fashion? >> this is not a stock for like a day trader. this is stock for long-term investors. this is a methodical way of letting some of the stock out into public markets to fund our growth. >> course, previously privately held. how

i think global foundries is a great business and tom caulfield is a winner. the stock or the company -- or the shoes. what am i talking about? the shoes. now i'm going to talk about the stock. that's not great a clu-- including the multiples is it time to propose a plan to add to sales then we want to beat covid-19. what's stopping us rapid fire in tonight's edition of the lightning round so stay with cramer. >> announcer: next thursday investing club members can talk to cramer live >> exclusive access to my best fans of the year >> next thursday, 12:30 eastern. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care. [coins clinking in jar] ♪ you can get it if you really want it, by jimmy cliff ♪ [suitcase closing] [gusts of wind] [ding] >>> sometimes a stock that you like will sell off for no good reason whatsoever. they missed the memo that the market is down take sig it's the parent company of jared, zales, kay jewelers this has been one of th

. >> jim, our thanks to tom caulfield as well.with your take on that the russell was up more than 2% and outperforming and then closed down more than 2% and underperformed the rest of the market. pretty brutal. >> i've been saying this market is going to have two shoes the first shoe is when we discover that this illness, this strain is going worldwide. okay, we got that because we went to several different countries. the second would be when we found it here, and it doesn't matter how you and i and sara we all know that it was going to happen we all knew. michael knew but it didn't matter because the public at home says, oh, my, it's on our shores, let's sell everything interestingly enough, some of the companies like five below and snowflake are actually going up but don't get banged down as people just panic. i think this second shoe is the buyable shoe the first shoe i said don't buy. this second shoe, it is buyable. i think the market got interesting again at the close >> buyable from tomorrow morning? >> yeah, i think so. he