he said tsmc's investment generated interest in the prefecture.ion at the factory is scheduled to get under way from december 2024. >>> the european union is proposing a ban on products made by forced labor. an eu draft bill does not specify any countries where the practice takes place. but officials are believed to have china's autonomous region in mind. the legislation was unveiled on wednesday. it would prohibit the sale import and export in the eu market of goods that involve forced labor during their production. eu members would probe products if there is well founded suspicions of such abuse. investigators work on information provided by civil society and international organizations. if the suspicions are confirmed, state authorities would order the businesses responsible to withdraw the products from the market and dispose of them. if a company or a noneu state refuses to cooperate, the state authorities would be able to make a decision based on the available facts alone. the member states and the european parliament need to approve the bul

chips act rings in other companies like samsung and tsmc. a great step for the night states to try to regain their leadership in chip manufacturing. >> a most optimistic market for you? >> semiconductors is a great neighborhood. advanced packaging for electronic devices, we think it's going to be the next 10 years of growth as well. >> region? ask asia continues to be important for us. with chips act and reassuring, europe and united states will continue to be important markets for us. >> it was great having you with us. with your outlook for the semiconductor industry. we had the philadelphia semiconductor index gaining 1.8% today in the new york session. look at how u.s. futures are trading because we're lacking clear direction. we had a lot of volatility in the regular session. between gains and losses, we had jay powell coming out reprising his hawkish views from jackson hole saying officials are strongly committed to their fight against inflation and perhaps timely comments given that we continue to see inflation numbers soar across the

featured they are behind in semiconductor technology the two companies is nvidia, the world designer and tsmc make the high-end chips like ai chips. the whole issue is around china's determination to have one nation in terms of taiwan. they said clearly in public that they are willing to use force to unify taiwan that is what the u.s. is worried about. it is not the 1990s where the u.s. was the sole military super power. it has a challenger that is equal or almost equal to the u.s. we don't know which one of those is correct because they have not had a war for some time. the ukraine war gives an inkling what the west could do >> ben, could this back fire and incentivize china or does this actually damage them >> this is akin to providing a battle plan to your competitor years in advance we are not in a hot war today, but by putting access to the core inputs and having done so for the last half decade, that threat stated to the chinese and ecosystem, they have spent the last five years in overdrive to all the doubters and naysayers who said china is not able to develop a chip industry and lagg

and and tsmc the taiwanese companies building a plant outside of phoenix and they will bring this manufacturing back to the united states of america. we didn't finish that on our watch. i got a call from secretary raimondo, the current secretary of commerce. republicans were balking at passing the legislation which would enable this. and she said, mike, you know, you're gonna get present by the win, but could you help us? and the answer was really easy. this mattered. again, this wasn't about republican, this was about an american imperative to get this equipment back on shore. >> a poll just came out and said that 69% of democrats and 69% of republicans said that democracy was in danger of collapse. how did we get this way? and how do we move forward to try to eliminate the divide that's going on in this country? because it seems to be percolating up as a major issue. democracy is a threat. your thoughts on how we can address that. i come back to my young days as a cadet. they gave me some uniforms. i got an old m1 rifle and the federalist papers. these ideas are the things that bring us toget

we have treasury yields, multiyear highs as well, we are watching tsmc and foxconn among others, heidilatest business/headlines. boeing has agreed to pay 200 million dollars to settle sec allegations after failing to disclose safety issues with the 737 max liner. linked to the 2018 and 2019 crashes. the boeing ceo have not admitted or denied the findings. airbus has won a deal to supply $4.8 billion to a southern china airlines unit. they will purchase jets for delivery between 2024 and 2027. the agreement is a blow to boeing and comes after airbus faced a 7 billion deal for the same jets from four chinese airlines in july. meta platforms has been sued for skirting apple privacy rules. in the proposed class action lawsuit filed in san francisco federal court, two facebook users claim the company had a secret workaround to apple's 2021 by -- 2021 privacy rules, violating rules on collection of personal data. >> take a look at how equity markets are trading on this friday, on this final friday session. you can really sympathize with traders feeling a little bit short of energy after what

that's different that's about tsmc in taiwan that makes some of the world's most advanced semiconductorsn but taiwan is within missile range of mainland china which constantly threatens to invade taiwan unfortunately the chips act didn't have enough security rels or steps and they're not big or smart for america's economy. we have to get advanced semiconductor manufacturing back in the united states. >> i think it bogless the mind the things that come from china that we take for granted, whether it's even in pharmac pharmaceuticals or name an industry telecommunications that's why it's such a great exports nation where does it stop, senator? if you were going to make a point that they could cut us off with, i don't know, materials for evs or technology, they can always hold us hostage based on just cutting it off. you're more concerned with actual security concerns with what might be built into these chips? >> that's right. >> it seems like it's going to be one thing after another we shouldn't buy anything from china. >> the telecommunications is one example with huawei and ymtc it's not