Chip Shortage Not Related to U.S. Reliance on Asia: Bernstein

Apr.12 -- Stacy Rasgon, managing director of U.S. semiconductors at Bernstein, discusses President Joe Biden's comments at the White House chip summit. Biden told the CEOs at the meeting that there is bipartisan support for government funding to address the shortage. He also says it's not a surprise that Nvidia Corp. unveiled its first server microprocessors, extending a push into Intel Corp.’s most lucrative market. Rasgon speaks to Caroline Hyde on "Bloomberg Technology."