Government Action to Address Chip Shortage
2021 will see the fruition of legislation either proposed or passed this year. The European Commission has suggested that the European Chips Act address the expansion of chip manufacturing on the continent. As for the U.S., the Biden administration signed an executive order earlier this year to tackle the shortage. Moreover, the U.S. Senate did its part by endorsing $52 billion in subsidies for computer-chip manufacturing, despite criticism that there’s not enough focus on how the money will be precisely spent.
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