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Siemens USA CEO: Manufacturing chips in the U.S. will ‘establish America’s leadership position in this next decade’

Siemens USA CEO Barbara Humpton discusses the United States’ global position within the next decade in regards to the CHIPS Act. Humpton joined Yahoo Finance Live on July 27, 2022.

Video Transcript

[MUSIC PLAYING]

BARBARA HUMPTON: The investment it will make in new manufacturing capacity as well as the investment it will make in research and development are both going to be essential to establishing America's leadership position for this next decade.

What we're moving into now the ability to actually use predictive tools to be able to look into the future, get into that digital realm itself, and use that to help us manage the flow of product to where it can be best used. People are characterizing what we're entering as a global energy crisis. I will tell you that here in the US, my perspective is that we have relative energy security. We have relative health, while many parts of the world are still dealing with pandemic shutdowns, et cetera. So we actually have an obligation to outperform.

[MUSIC PLAYING]