not in the manufacture in of itself is in design in in the equipment manufacturing however the globalfoundries had that that other the producers of the semiconductor chips are located in asia ts m.c. of taiwan and samsung korea so. so the supply semiconductor supply chain is highly integrated why us leads in the high value added portion of the semiconductor production but nevertheless the world the world has experienced or last 12 months a huge shortage in supply and it's all europe as well tried to somehow change that in catching up can we can we actually compete eventually with asian supplies. it would take time and building a foundry in europe and an and rebuilding the infrastructure for foundries in europe or in the united states would take a long time and so recruiting the engineers and suppliers i chemical suppliers and materials suppliers. take additional time so it would take. take a few years for europe europeans and americans to catch up with the foundries a few years and we talk about $210.00 what is more likely a few years. well. it depends on the policy of each country so you know

this is global _ this is global foundry�*s factory in this is globalfoundry�*s factory in singapore.we are about to go into the fabrication plant. it's biosecurity and even dead skin cells can disrupt it. the process of getting dressed to go in is quite elaborate. 0ver go in is quite elaborate. over the course of three months, what started out as silicon will travel on this track. it will travel on this track. it will be repeatedly stencilled and clean with chemicals and stencilled again and still in the end it comes out looking like this. this is a pack of 25 waverers. they will be dosed up and sent to companies around the world, where they will go into everything from computers to cars to our mobile phones. taiwan and south korea have invested in their chip industries for decades. tsmc and samsung have become the world's largest chip makers for the us and eu, not having their own developed industries is a chip on the shoulder. birth are investing heavily to increase production at home. we shouldn't have - production at home. we shouldn't have to - production at home. - shouldn't ha

this hour, we will hear from key players in this sprawling businesslike micron's ceo, globalfoundries in charge of amazon's processors.

this hour, we will hear from key players in this sprawling businesslike micron's ceo, globalfoundrieso, and the man in charge of amazon's processors. but first, the problem. the covid-19 pandemic last year spurred suppliers to cut production, not foreseeing a surge in demand from consumers for everything from consumer electronics to cars. as a result, that put manufacturers and whole industries in a lurch. >> covid caused everyone to step back from capacity and buildout the supply chain of the industry. it induced a radical change in demand. now there is a meaningful shortage. >> this last year has been difficult to deal with. nobody knew which direction demand was going to go in and we saw some real sharp moves in different industries. >> our ability to meet demand is outpaced by supply availability and everything is short. there is not a single industry that has not been affected by the semiconductor shortage. from automotive to iot to home. emily: here to break down what is driving the shortage that has thrown the global economy into crisis, bloomberg's ian king, who has covered th