Semiconductors are in virtually every electronic device that leaves a factory today, and the US government has planted a flag in the ground as the burgeoning chip industry has become the future of technology manufacturing.
Apple, Microsoft, Alphabet, Amazon, and others have been lobbying the US government to increase domestic chip production, citing problems overseas that have hampered hardware production. In fact, a US Commerce Department report in January said the chip shortage was so bad that at one point in 2021 there was just a five-day supply worldwide — with no sign the situation would improve anytime soon.