MAHMOUD BENNETT: PRESIDENT BIDEN IS CONTINUING HIS TOUR OF ASIA – AND HIS FIRST STOP – A SAMSUNG FACTORY IN SOUTH KOREA.
PRESIDENT JOE BIDEN: “These little chips are the key to propelling us into the next era of humanity’s technological development.”
BENNETT: HE’S TALKING ABOUT COMPUTER CHIPS – THEY’RE ESSENTIAL. SOME EVEN GO SO FAR AS TO CALL THEM THE TOILET PAPER OF MODERN SOCIETY. BUT AS IMPORTANT AS THEY ARE – IT’S NOT SOMETHING THE U.S. IS EXCELLING AT.
75-PERCENT OF GLOBAL PRODUCTION TAKES PLACE IN EAST ASIA, NOTABLY CHINA, SOUTH KOREA, JAPAN…AND *TAIWAN* WHICH SINGLE-HANDEDLY PRODUCES 90 PERCENT OF THE WORLD’S MOST ADVANCED CHIPS
BUT TENSIONS ARE HIGH BETWEEN TAIPEI AND BEIJING.
EXPERTS WARN THAT ANY DISRUPTION TO TAIWAN’S CHIP SUPPLY COULD PARALYZE PRODUCTION OF KEY EQUIPMENT, IMPACTING ALMOST EVERYONE IN THE WORLD.
THE WHITE HOUSE INSISTS THAT BIDEN RESPECTS CHINA’S CLAIM TO TAIWAN. BUT THE U.S. DOES MAINTAIN UNOFFICIAL RELATIONS WITH THE ISLAND
BIDEN: “So much of the future of the world is going to be written here, in the Indo Pacific, over the next several decades,”
BENNETT: JAPAN IS BIDEN’S NEXT STOP. FIND OUT WHY THAT NATION PLAYS SUCH AN IMPORTANT ROLE IN OUR NEXT VIDEO