Chips Are the New Oil and America Is Spending Billions to ramp up supply

Recommendable! Chips have become so ubiquitous!

"Only in the past two years has the U.S. fully grasped that semiconductors are now as central to modern economies as oil. ...

In the digitizing world, power tools commonly come with Bluetooth chips that track their locations. Appliances have added chips to manage electricity use. In 2021, the average car contained about 1,200 chips worth $600, twice as many as in 2010. ...

Now the government and companies are spending billions on a frenetic effort to build up domestic manufacturing and safeguard the supply of chips. Since 2020, semiconductor companies have proposed more than 40 projects across the country worth nearly $200 billion that would create 40,000 jobs, according to the Semiconductor Industry Association. ...
the implementation of the Chips and Science Act, signed into law by President Biden in August, which directs $52 billion in subsidies to semiconductor manufacturing and research ...
But the actual fabrication of semiconductors has been increasingly outsourced to Asia. The U.S. share of global chip manufacturing has eroded, from 37% in 1990 to 12% in 2020, while mainland China’s share has gone from around zero to about 15%, according to Boston Consulting Group and SIA. Taiwan and South Korea each accounted for a little over 20%. ..."

Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply - WSJ Recent shortages and fears of China’s ambitions to dominate the industry have led to a frenetic effort to rev up U.S. production