Biden Administration To Boost Semiconductor Production With Chips Act
The chip shortage has become one of the biggest challenges for tech companies and auto manufacturers. The lockdowns resulting from Covid-19 are said to be the reason behind recent shortages. In the post-lockdown era, semiconductor manufacturers can’t meet the volume of demands of different companies. While companies like Intel and TSMC are investing in building new facilities to accelerate production, the chip shortage seems like it will last until 2024. The US government is now introducing a $280 billion bill to financially support semiconductor manufacturers in the country....