Bernie Moreno on Price Spikes for Chips: We’ve Learned During Covid to Be Careful When it Comes to Being Reliant on China

EXCERPT:

MORENO: "Well, remember, they're in the same blitz. It's China, Russia, North Korea and Iran — they're all on the foreign entity concern list, which is basically saying, 'Hey, we have to be really careful with how we engage with these foreign countries.' But when it comes to being reliant on China, we've learned the lesson, whether it's with Covid or, from more recent times, with microchips, transistors, magnets, etc.."