Get your act together, Congress.
The United States has a chip shortage that threatens its economic future.
China is committing $150 billion to expand its semiconductor industry. Taiwan's chipmakers are investing $120 billion to strengthen their grip on the global market. Japan has provided subsidies with the intention of tripling its chip production by 2030. South Korea has plans to spend $450 billion over the next 10 years to stay ahead of its foreign competitors.. Even the European Union has committed to $47 billion to chip production in an effort to become less dependent on foreign firms.
