Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Sen. Ron Wyden Pushes Legislation to Expand Semiconductor Production as Family Invests in Them
breitbart ^ | 1 Apr 2021 | KRISTINA WONG

Posted on 04/01/2021 11:38:39 PM PDT by MarvinStinson

Senate Finance Committee Chairman Ron Wyden (D-OR) is preparing legislation to expand production of semiconductors only weeks after his family members purchased stock in semiconductor tool manufacturers.

Wyden and two other Democrat senators released a statement to announce they were working on legislation to “expand production of critical technologies like semiconductors, batteries and solar components” in the name of “economic recovery.”

‘By building on tools with records of success, we can also boost manufacturing in communities that have been left behind. We are working on new legislation that would expand production of critical technologies like semiconductors, batteries and solar components. These proposals would significantly increase federal investment in both the technology needed to transition to a net-zero emission economy, and the workers needed to develop and produce that technology.

The announcement came three weeks after Wyden’s millionaire wife bought between $2,000 and $30,000 worth of stock in two American companies that, according to Reuters, “dominate” the semiconductor toolmaking industry.

According to Wyden’s latest financial disclosures on March 23, 2021, Wyden’s wife Nancy Bass Wyden on February 26, 2012, purchased between $1,001-$15,000 worth of stock in Applied Materials, Inc., a company that describes itself as “the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world.”

That same day, she also purchased between $1,001-$15,000 worth of stock in KLA Corporation, an American company that “designs, manufactures, and markets process control and yield management solutions for the semiconductor industry worldwide.”

Also that same day, she purchased between $1,001-$15,000 worth of stock in Seagate Technology, an American mass data storage solutions company.

Another financial disclosures , posted February 18, 2021, shows one of his dependent children purchased between $3,000 and $45,000 worth of stock in KLA corporation through a brokerage account on January 27, 2021.

(Excerpt) Read more at breitbart.com ...


TOPICS: Crime/Corruption; Government
KEYWORDS: semiconductor; wyden

1 posted on 04/01/2021 11:38:39 PM PDT by MarvinStinson
[ Post Reply | Private Reply | View Replies]

To: MarvinStinson

It is not the first time Nancy Wyden’s stock purchases has caused controversy.

She bought at least $115,000 in Amazon stock during the pandemic last year while simultaneously laying off workers at The Strand, the historic New York City bookstore she owns.


2 posted on 04/01/2021 11:40:19 PM PDT by MarvinStinson
[ Post Reply | Private Reply | To 1 | View Replies]

To: MarvinStinson


Biden was notorious for a variation of this.

The banks hired Bidens and gave money every time legislation benefitting Banks was before the Senate. At least one of his kids had a no show job at MNBA.


3 posted on 04/01/2021 11:51:33 PM PDT by AnthonySoprano (‘’’)
[ Post Reply | Private Reply | To 2 | View Replies]

To: All

‘Should read MBNA.

MBNA and Biden’s boy no show job.

.

.


4 posted on 04/01/2021 11:55:54 PM PDT by AnthonySoprano (‘’’)
[ Post Reply | Private Reply | To 3 | View Replies]

To: AnthonySoprano

These are the acts that cause folks to want to march on the capitol and do stuff.


5 posted on 04/02/2021 2:26:54 AM PDT by ping jockey (Want to make a conservative mad,him a lie.Want to make a liberal lose his mind?Tell him Truths)
[ Post Reply | Private Reply | To 4 | View Replies]

bmp


6 posted on 04/02/2021 2:33:26 PM PDT by MarvinStinson
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson