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Saturday, June 19, 2021

In the coming weeks we will take steps on supply chain issues

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Comments from Biden after the jobs report

Comments from Biden after the jobs report
  • Says they will take steps, similar to the chip shortage
  • The jobs report shows progress

I found it interesting that GM was saying the chip shortage wasn’t a big problem anymore. Meanwhile, chipmakers are spending around $40 billion in Arizona alone to build new foundries and Japan is talking about big subsidies for more. In 2-3 years the world is going to be flooded with chips.

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