Easing the chip shortage means moving manufacturing to the U.S., commerce secretary says

One of the biggest supply chain stories of the pandemic is the shortage of semiconductors of all kinds. The vast majority of chips are made outside the U.S. Some lawmakers want the White House to invoke the Defense Production Act, which could force companies to prioritize what the government says it needs to ease the shortage. In the meantime, the White House is pushing for more funding to boost domestic chip production. Marketplace’s Kimberly Adams speaks with the official leading that charge: Secretary of Commerce Gina Raimondo. She is encouraging Congress to fund the CHIPS for America Act, which provides incentives for semiconductor manufacturing and research in the United States.

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