Almost every computer has one or more chips to store information, make decisions, and perform specific equations. There are hundreds of different chipmakers, but the most popular are IBM, Intel, Qualcomm, SK Hynix, Micron, and Broadcom. Most US chip companies outsource manufacturing processes to Asia due to the low costs of resources and labor.
Recently, some of the biggest name in the tech industry and carmakers started suffering from different computer chip models due to political conflicts and the coronavirus pandemic. This global shortage could last from six to twelve months, but it is still unknown when things will go back to reality.
American tech companies such as Apple, Intel, Google, and Microsoft are banding together in hopes of starting manufacturing more chips across the US. President Biden has asked for $50 billion to fund the Chips Act that would let American chipmakers increase manufacturing and decrease the dependence on foreign tech. This plan attempts to create of a more resilient supply chain to avoid shortages, and ensure enough tech when it is needed.
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