$GTCH The global microchip shortage, beginning in 2020 and further exacerbated this year by ongoing supply chain issues and trade impacted by geopolitical factors such as the Russia-Ukraine War, has forced governments and many firms to rethink their strategies to meet demand, In the US, the Senate passed a bipartisan measure called the CHIPS Act in the summer of 2021 to spend $52 billion USD for the subsidization of computer chip manufacturing and research in the country. But according to the Washington Post, "the process of combining the House and Senate bills has been bogged down over disputes about elements of the legislation unrelated to chips, including climate provisions and trade with China."
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