If Congress keeps dragging its feet on the CHIPS for America Act, the consequences will be brutal. Chips are everywhere, from cars to cellphones, cloud computing, smart factories, to defense systems.
Chip shortages began during the pandemic when car manufacturers slowed down, and chip makers shifted production to other booming sectors like communications. When automakers returned to the table with designs for more innovative cars, they found a severe shortage that soon spread to every industry.
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