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Congress’s $250 Billion Microchip Shortage Solution, Explained

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Since the beginning of the pandemic there has been a microchip shortage. This shortage is exacerbated by the fact that 90% of semiconductors are made in Taiwan. Congressional Democrats have introduced a bill to encourage domestic microchip production through a series of tax cuts and subsidies. Here is exactly what’s happening.

The World’s Microchip/Semiconductor Shortage, Explained

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The world is demanding more microchips than factories can produce. This is leading to a chip shortage limiting production for cars and electronics. Here’s what’s happening and how politicians are planning to avoid this crisis happening again.