semiconducts rers. power everything from cell phones to automobiles and so much more. these chips were invented in america. let's get that straight. they were invented in america. we used to make 40% of the world's chips. the last several decades we lost our edge. we're down only producing 10%. we all saw what happened during the pandemic when chip factories shut down overseas. today's automobiles need 3,000 chips each of those automobiles. but american automobiles couldn't make enough cars because there weren't enough chips. car prices went up. people got laid off. so did everything from refrigerators to cell phones. we can never let that happen again. that's why -- that's why we came together to pass the bipartisan chips and science act.