GlobalFoundries CEO Thomas Caulfield on Domestic Chip Manufacturing, CrowdStrike Co-Founder Dmitri Alperovitch on Cybersecurity & Intercom CEO Karen Peacock on Consumer Engagement 3/23/22

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.5 • 66 Ratings

🗓️ 23 March 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors start today’s show with CNBC’s Ylan Mui covering the CEOs of semiconductor firms Intel and Micron testifying before Congress, and chipmaker GlobalFoundries CEO Thomas Caulfield weighs in on the sector’s domestic manufacturing push. Then, cybersecurity provider CrowdStrike Co-Founder Dmitri Alperovitch joins after Microsoft and identity management company Okta reported security breaches, and Index Ventures Partner Nina Achadjian offers insight on the state of the IPO market. Later, our Julia Boorstin breaks down headwinds affecting Facebook’s user base and advertising, and customer communications platform Intercom CEO Karen Peacock discusses consumer engagement and unveils a series of new innovations. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm John Ford.
0:00.8	You're listening to CNBC's Tech Check.
0:02.9	Our show is live weekdays at 11 a.m. Eastern.
0:05.9	Listen in.
0:28.4	Good Wednesday morning. Welcome to Tech Check. I'm Carl Cantanilla with your Dr. Drabosa and John Fort.
0:35.8	Today, from oversold to overbought, software and fang have both rallied hard off those mid-March lows, losing a little ground today.
0:38.5	Where are we in the market correction for tech?
0:43.7	Plus, those chipmakers testifying on the hill as the U.S. looks to boost domestic production.
0:46.8	We'll talk to Global Foundry CEO Tom Caulfield this hour.
0:49.9	And then Adobe shares falling after reporting results.
0:53.1	Last year, shakingness is extending into 22.
0:56.1	Should investors be concerned about the outlook d let's get to carl but we're going to start in washington his top chip exact testified before
1:02.5	congress looking to gather support for increased funding for domestic production
1:06.5	Elon moi has been monitoring the hearing and has more. Elon, what are we hearing so far?
1:13.6	Well, Deirdre, so far this hearing has been part education and part advocacy.
1:18.4	Intel CEO Pat Gelsendier even bought some of his latest four nanometer technology chips to show Congress.
1:24.8	He said that every aspect of human life is becoming digital and semiconductors
1:29.4	are the foundation of that digital life. Meanwhile, Micron's CEO, Sanjay Marota, tried to argue
1:35.3	that the U.S. is already risking, falling behind on that investment in next generation technology.
1:42.0	I hope to leave you with one key takeaway today.
1:46.2	The U.S. government needs to level the playing field and create incentives to support
1:50.4	investment in domestic semiconductor manufacturing facilities.
	...

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