US President Joe Biden wants congress to approve the bill of $52 billion for the boost in US Chip Production.
Highlights
- US President Joe Biden is pushing congress to pass a certain bill.
- The $52 billion bill is for boosting US chip production.
- The bill will make the US rely less on foreign sourcing for chips.
- Domestic production of chips will make security more secure.
- America was the country that invented semiconductors.
US President Joe Biden is pushing congress to pass the $50 Billion for increasing Chip production in the US.
The bill will make the domestic production of semiconductors more frequent and make the import of semiconductors greatly decrease.
America may be the inventor of semiconductors but since then they have moved to mostly importing them from foreign sourcing.
With the push towards more advanced tech development in most countries, semiconductors are in demand more than ever.
The pandemic made the need of even more important as the need for tech in the home increased significantly.
The US mostly import semiconductors from Taiwan and China is already investing more in their domestic market to boost their domestic production as well.
Biden’s main goal is to make America stronger on all fronts and in order to do that they need to make their domestic industry produce more things.
India is also on the same path with its initiative called “make in India” which makes the domestic market get more exposure to the latest trends in the world.
Biden’s main goal besides the domestic boost in Chip production is to increase the security of the country. With the increase in differences between China and America, personal data security is increasing more and more.
Semiconductors are somewhat of a main component in everyday technology. With the rise in electric vehicles, their demand is increasing even more.
If the bill is passed by Congress America will compete with China on an equal footing and the dependency of many countries on China will also decrease as they will have more options for imports.
