LIZ: YOU KNOW, WE’VE TOLD YOU
ABOUT THIS BUT WE NEED TO REMIND
YOU THE SEMICONDUCTOR SHORTAGE
IS SO SERIOUS THAT ABOUT TWO
WEEKS AGO, FORD A ANNOUNCED IT’S
DECIDED TO SELL AND SHIP
VEHICLES WITHOUT MICROCHIPS THAT
POWER NON-SAFETY FEATURES AND WE
DO HAVE FORD JUMPING ABOUT 6%
BECAUSE THEY UNVEILED THE FORD
F-150 RATTLER, CAN’T WAIT TO SEE
THAT BUT REGARDING THIS CHIP
SHORTAGE A FIX MIGHT ACTUALLY BE
ON THE WAY, THANKS TO A CHIP
ALLIANCE.
IN AN EFFORT TO KEEP CHINA’S
CONTROL OF THE SEMICONDUCTOR
INDUSTRY TO A MINIMUM, AT LEAST
TAMP IT DOWN, THE U.S. IS
PROPOSING AN ALLIANCE WITH
TAIWAN, SOUTH KOREA, AND JAPAN.
NOW CHINA DOES LEAD THE WORLD IN
SEMICONDUCTOR MANUFACTURING AND
IT CONTINUES TO FAST-TRACK ITS
OWN DEVELOPMENT ANNOUNCING
SUBSIDIES FOR LOCAL CHIP
DEVELOPERS, BUT, CAN THIS
ALLIANCE WORK TO CHANGE
THAT?
I WANT TO BRING IN THE FIRST AND
HIGHEST-RANKING STATE DEPARTMENT
OFFICIAL WHO HAD THE GUTS AND
THE STRENGTH TO VISIT TAIWAN
EVEN UNDER CHINA THREAT, HE WAS
THE FIRST OFFICIAL IN THE U.S.
TO DO THAT SINCE 1979
HIS BRAVERY LAID THE
GROUNDWORK FOR A CRUCIAL
U.S. SEMICONDUCTOR PARTNERSHIP
JOINING ME NOW IN A FOX BUSINESS
EXCLUSIVE, AND FOR HIS FIRST TV
APPEARANCE, SINCE GETTING
NOMINATED FOR THE NOBEL PEACE
PRIZE, IS FORMER U.S. UNDER
SECRETARY OF STATE FOR
ECONOMIC GROWTH ENERGY AND
THE ENVIRONMENT KEITH CROCK.
I CAN’T BELIEVE, CONGRATULATIONS
.
>> WELL, LIZ, THANK YOU SO MUCH
WHAT A HUMBLING HONOR IT IS BUT
THESE THINGS IT’S ALWAYS ABOUT
THE TEAM.
WE HAD THIS AMAZING --
LIZ: NO, NO, IT’S ABOUT WHO
YOU’RE UP AGAINST, ZELENSKYY.
>> WELL, BY THE WAY, I’LL TELL
YOU WHAT.
HIS COURAGE INSPIRES THE WORLD.
HE IS A HERO.
LIZ: WELL IF HE WINS CAN YOU
THANK THE "CLAYMAN COUNTDOWN."
>> BY THE WAY, WELL, I’LL TELL
YOU PROBABLY GIVE IT TO
ZELENSKYY.
LIZ: SO GREAT.
SO GREAT.
>> AND IT’S REALLY MADE ME
THINK ABOUT, YOU KNOW, THE
HEARTBREAKING VIOLENCE
THAT’S GOING ON OVER THERE, AND
THE COURAGE, AND IT MAKES ME
THINK ABOUT THAT TRUST PRINCIPLE
, AND MEETING THAT
CLEAN NETWORK ALLIANCE OF
DEMOCRACY IS NOW MORE THAN EVER
TO TAKE ON THESE TOTALITARIAN
BUT I’VE GOT TO TELL YOU
YESTERDAY I WAS UP AT WEST POINT
, AND WHEN I SEE THESE MEN
AND WOMEN CADETS, THESE
TRANSFORMATIONAL LEADERS OF
TOMORROW, I’M MORE OPTIMISTIC
THAN EVER, BECAUSE DEMOCRACY IS
UNDER THREAT.
LIZ: THAT’S SAYING A LOT BECAUSE
YOU ARE VERY OPTIMISTIC ON A
REGULAR BASIS, AND OF COURSE,
YOU HAD RUN MANY COMPANIES, YOU
WERE CEO OF DOCUSIGN.
YOU ARE A BUSINESS HEAD BUT WITH
AN INTERNATIONAL GLOBAL
PERSPECTIVE.
CHINA HAS NOT EXACTLY SPOKEN OUT
AGAINST RUSSIA AND THE UKRAINE
SITUATION AND CHINA IS OUR, WELL
YOU COULD SAY OUR BUSINESS
ENEMY WHEN IT COMES TO
SEMICONDUCTOR MANUFACTURING.
TELL ME EXACTLY HOW YOU THINK
THIS NEW ALLIANCE BETWEEN THE
U.S. , JAPAN, AND SOUTH
KOREA, TAIWAN MIGHT WORK.
>> BY THE WAY IT’S GOING TO BE
ABSOLUTELY POWERFUL, AND THIS IS
SOMETHING THAT WE HAD BEEN
WORKING ON AT THE STATE
DEPARTMENT, WHEN WE ONSHORED TSM
C WITH THAT
$12 BILLION ONSHORING AND NOW
$350 BILLION OF INVESTMENT AND
JOBS ARE COMING HERE TO THE
UNITED STATES.
LIZ: LOOK AT THE STOCKS RIGHT
NOW, INTEL, BROADCOM, QUALCOMM,
NVIDIA, TEXAS INSTRUMENTS ARE
ALL MOVING HIGHER HERE ON THE
NEWS THAT FINALLY, WE’RE
GOING TO GET A BIG PUSH HERE.
YOU JUST SAW THE NEWS ABOUT FORD
AND MANY OTHER COMPANIES ARE
TRYING TO FIGURE OUT A WAY TO
DEAL WITH THIS SEMICONDUCTOR
SHORTAGE.
>> AND IT’S SO IMPORTANT
BECAUSE THIS IS THE MOST
IMPORTANT INDUSTRY, SECURING
THAT SEMICONDUCTOR SUPPLY CHAIN
BECAUSE IT LAYS THE FOUNDATION
FOR EVERYTHING.
I WAS JUST WITH SECRETARY OF
COMMERCE LAST WEEK AND WE’RE
TRYING TO GET THIS UNITED STATES
INNOVATION AND COMPETITIVE ACT
PASSED.
WE TALKED ABOUT THAT ONE BEFORE,
WHICH IS A COMBINATION OF THE
CHIP ACT AND THE ENDLESS
FRONTIER ACT WHICH WE REALLY
NEED, AS A COUNTRY.
WE NEED TO GET THIS BILL PASSED,
BECAUSE YOU KNOW IT’S JUST LIKE
IN THE OLD DAYS BEING ON A 90
DAY SHOT CLOCK, THIS IS A
NATIONAL IMPERATIVE, LIZ, AND BY
THE WAY, THIS IS A BIPARTISAN
BILL.
WE NEED TO MAKE IT HAPPEN.
LIZ: WE DEFINITELY DO BUT LET ME
JUST EXPLAIN TO OUR VIEWERS IN A
WAY AND YOU KNOW THIS BETTER
THAN ANYBODY.
IT’S A VERY COMPLICATED
MECHANISM WHEN YOU TALK ABOUT
MANUFACTURING, BECAUSE SOUTH
KOREA WAS WITH HIS ALLIANCE, OF
THE UNITED STATES, MUCH OF THEIR
MANUFACTURING IS ACTUALLY IN
CHINA.
HOW DO YOU EXTRICATE YOURSELF
FROM THAT?
>> WELL THE KEY THING IS YOU
DON’T WANT TO BE MAKING THE MOST
SOPHISTICATED CHIPS OVER THERE,
BUT I’LL TELL YOU ONE THING THAT
HAS HAPPENED TO THE UNITED
STATES.
WE INVENTED THE SEMICONDUCTOR
BUSINESS, RIGHT?
IT IS THE HUMAN CAPITAL THAT
GOES INTO THIS , SO FOR EXAMPLE,
THIS TSMC PLANT THAT’S BEING
BUILT RIGHT NOW, 60% OF THE
PEOPLE WHO WORK IN THE
PRODUCTION THERE ARE MASTER
’S DEGREES AND HIGHER, SO
THIS IS SOME OF THE MOST
SOPHISTICATED MANUFACTURING EVER
, AND IT MOVES FAST, AND IT
GOES IN LIFECYCLES OF TWO YEARS.
LIZ: ARE YOU WORRIED ABOUT
TAIWAN?
YOU HAD THE GUT TOSS GO TO
TAIWAN AND FLOUT CHINA.
YOU GOT SANCTIONED.
YOU CAN’T GO TO CHINA, CAN YOU?
>> BY THE WAY, NEITHER CAN MY
FAMILY.
LIZ: THEY SANCTIONED YOUR WHOLE
FAMILY?
>> REMEMBER YOU ASKED ME THAT
QUESTION, IT WAS SECOND TO LAST
DAY BEFORE MY TERM ENDED AND I
SAID HEY, I THINK I’M GOING, AND
, YOU KNOW, I WILL NOT BEND A
KNEE TO EMPEROR XI, AND WHY
SHOULD I REACT WHEN I CAN ACT,
SO YEAH.
LIZ: WELL BUT THAT SAID AS YOU
SPOKE TO THE U.S. NAVAL ACADEMY
YESTERDAY AND THE GENERAL SAID
SUCH INCREDIBLE THINGS ABOUT YOU
, HE SAID, YOU KNOW, HE
DOESN’T KNOW MANY PEOPLE THAT HE
COULD JUST THROW A UNIFORM ON
AND YOU COULD ACTUALLY LEAD
BATTALIONS BECAUSE YOU HAVE LED
BUSINESS TEAMS.
IT’S JUST AMAZING HOW YOU’RE
ABLE TO DO THIS , BUT WHAT DOES
IT SAY ABOUT XI AND CHINA, IF
THEY LOOK AT RUSSIA AND RUSSIA
IS SOMEHOW ALLOWED TO SNAP OFF
GIGANTIC PIECES OF UKRAINE
WHETHER IT’S THE CRIMEA THAT
THEY CAN LOOK AT TAIWAN AND GO
IN THERE AND SAY THIS IS OURS
NOW.
MILITARILY.
>> BY THE WAY, LIZ, THAT’S WHAT
MAKES IT SO SCARY, BECAUSE WE’VE
LEARNED A LOT FROM THE UKRAINE.
WE LEARNED OBVIOUSLY A LOT FROM
THEIR COURAGE, BUT WE’VE ALSO
LEARNED THE IMPORTANCE OF
LEGITIMACY BECAUSE XI AND PUTIN
WILL REWRITE HISTORY.
OH, YEAH, TAIWAN WAS ALWAYS PART
OF CHINA.
NO IT NEVER WAS.
IT WAS A DUTCH COLONY RUN BY THE
JAPANESE, AND SO WHAT PUTIN
DOES, IS HE GOES WELL IF YOU
HELP OUT THE UKRAINE, THEN IT’S
EQUIVALENT TO INVADING RUSSIA,
SO WE CAN HIT THE BOMB, AND SO
THIS IS WHY, AND WE TALKED ABOUT
THIS AT THE STATE DEPARTMENT.
IT’S TIME WE RECOGNIZE TAIWAN AS
A COUNTRY, WHAT THEY REALLY ARE,
AND, YOU KNOW, YOU TALK ABOUT
COURAGE AND CAN YOU IMAGINE THE
PEOPLE IN TAIWAN.
THAT GOES EVERYDAY, AND THEN
THINK ABOUT THE UKRAINIANS AND
YOU THINK THE SNIPER RIFLE, AND
BOMBS ARE GOING OFF ALL AROUND.
LIZ: UNBELIEVABLE.
>> THAT’S COURAGE.
LIZ: IT IS AND WE WHALE WAIT TO
SEE ABOUT LISTEN, THIS IS A
CLASSIC CASE OF IT IS AN HONOR,
JUST TO BE NOMINATED.
WE’RE HONORED FOR YOU,
CONGRATULATIONS.
>> THANK YOU SO MUCH, LIZ.
LIZ: KEITH KRACH, FORMERLY OF
THE TRUMP ADMINITRATION STATE
DEPARTMENT CONGRATULATIONS, AND