America’s Lack Of Chips Is More Than A Blip

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The short-term shortage is indicative of a longer-term problem for the United States

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All of these factors add up to potentially big trouble for the U.S., creating a fragile ecosystem that puts every American industry, along with our economy, society and national security at risk. The global economy knows it must innovate with new microchip architectures, materials, packaging methods, algorithms and software, which will require more investment in R&D and engineering.We are now facing an incredibly important question: How does the U.S.

Through the passage last year of the CHIPS for America Act, which would significantly raise R&D and provide financial incentives to establish semiconductor research and manufacturing stateside, federal policymakers are indicating that they recognize the challenge; significant funding for the bill has already passed in the Senate and awaits a vote in the House.

 

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