June 19, 2021

Dem Senator with family ties to industry pushes for expanded semiconductor production

Sen. Ron Wyden (D-OR) has been caught preparing legislation that would expand semiconductor production just weeks after his wife purchased stock in multiple semiconductor tool companies.

Sens. Wyden, Debbie Stabenow (D-MI) and Michael Bennet (D-CO) released a statement on Mar. 16 to announce “their effort to draft legislation to incentivize domestic manufacturing.”

“We are working on new legislation that would expand production of critical technologies like semiconductors, batteries and solar components,” the senators wrote.

“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,” they added.

A Mar. 23 Wyden public financial disclosure reported that the senator’s wife, Nancy Bass Wyden, purchased stock from Applied Materials, Inc. and the KLA Corporation. Both companies manufacture semiconductors.

The purchase also follows a Semiconductor Industry Association (SIA) letter to urged President Joe Biden “to work with Congress to fully fund domestic semiconductor manufacturing and research provisions established in the recently enacted National Defense Authorization Act (NDAA). ”

SIA represents 98 percent of the U.S. semiconductor industry by revenue.

Fox Business reported that this is not the first time the Wyden family’s stock purchases have caused controversy.

Mrs. Wyden bought at least $115,000 in Amazon stock during the pandemic last year. She laid off workers at her independent New York City bookstore The Strand during the same period.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

22 Responses

  1. Just remember the Democrats are made of Teflon. don’t expect more than a slap on the wrist for this criminal.

    A Republican would be pilloried in the public square!!!!!

  2. The family of the Wyden’s should be charged as criminal’s and made to pay for their crimes in full. This is what all the democrats do all of the time.

  3. Do they have an insider trading co. to invest in? This is quite a common practice for brats in positions of lower living. There will be a judgement day for all to answer to.

  4. The problem is: FBI, CIA, DOJ all stalled any/all investigations into anything to do with any Demorat. Nothing was done to forward any activities toward any Dem until after that useless POS, lying SOB, Treason piece of excrement we now have in the White House stole the election. Now that we have a low-life in office, that garbage can “pardon” any & all eventual crimes committed by any of the SWAMP swimmers.

  5. Remember Democrats don’t follow the law! They think the laws are only for those other people. (Everyone else) The Democratic Party is all about getting their way.

  6. Thier corruption knows no bounds,this is one of how many that are scamming the American people

  7. I thought this was ILLEGAL. If a company making a product notices that their demand is increasing they up their manufacturing to meet the demand. WHY is the Govt giving them our $$$ to do so? This whole system has to be torn down and restarted like our founders wanted it which worked for centuries.

  8. This is how Politicians and Wall Street have operated since the Stock Exchange has been in operation. Nothing new to see here!
    Think about this, the common voter have been donating to their campaigns to get them elected then they turn right around and screw us all.
    Money truly is the root of all evil!

  9. The only way it will get better is to do exactly what it took when The Colonies declared their independence from Britain. This time around we are better trained and very well better armed and it will be short AND SWEET. TRAITORS WILL BE TREATED AS TRAITORS .

Leave a Reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

OUR TWEETS

PRESIDENT'S TWEETS

Sign Up For The Daily Newsletter

SYNDICATED NEWS