Biden Official "We are imploring Congress to pass the CHIPS Act. It has to happen by Christmas.
the Biden administration is championing the CHIPS for America Act, a $52 billion bill that would encourage domestic semiconductor production and research.
"The shortage has exposed vulnerabilities in the semiconductor supply chain and highlighted the need for increased domestic manufacturing capacity."
In recent months, Apple, Ford, General Motors and other companies have been forced to slow production of their products in large part due to the chip shortage.
The chip shortage has significantly contributed to the biggest inflation spike in three decades.
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Pocadon : this is something non political. We need to control our technology. We have plenty of people to do the work. When your opposition can put pressure on you when it wants to it becomes a scary thing.
Lionnell : From smart phones to cars to computer servers, satellites, toys and more, demand for semiconductors is increasingly growing.
Feleshia : I'm kinda wondering if the chip manufacturing isn't very profitable since they gets outdated faster than a 5 yr old's shoes meanwhile hemorrhaging money to build the wafer facility. I think $52 billion is a drop in the bucket compared to other countries like S. Korea and Europe is planning on spending.
Jacinthen : Weird flex from Congress, eg. Big Business, as $TSM and another company I can't remember off the top of my head are already both building billion dollar chip fabs in Arizona and I, think, Texas.
So, somebody wants in before these fabs are operational and chip supply normalizes around 2025. My gut says, China, since $TSM is Taiwanese. I can't back that up though.
This deserves a closer look.