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just about everything nowadays has silicon chips in it, from phones and computers to kitchen appliances and cars. but the world has been facing a chip shortage, which has exposed just how dependent we all are on semiconductor manufacturers in asia, with the vast majority of chips produced by the taiwanese company tsmc. among those who want to wrestle back some of that market share is the us. today, president biden will sign into law a bipartisan bill to boost microchip manufacturing in the us. the $280 billion package is aimed at addressing supply chain problems exacerbated by the coronavirus pandemic. supporters call it a win for the nation s economy and security. here s our north america correspondent michelle fleury in new york. microchips, the digital brains of every piece of technology around us. but a global shortage has disrupted everything from the production of cars to household appliances.- of cars to household appliances. of cars to household a- liances. ., ....
Microchips, the digital brains of every piece of technology around us. but a global shortage has disrupted everything from the production of cars to household appliances.- of cars to household appliances. of cars to household a- liances. ., appliances. almost all the refrigerators appliances. almost all the refrigerators have - appliances. almost all the - refrigerators have computers, circuit boards in them now. this in a soda appliance retailer has struggled to keep his showroom floor stock. there are still a his showroom floor stock. there are still a lot his showroom floor stock. there are still a lot of his showroom floor stock. there are still a lot of backorders - are still a lot of backorders and a lot of delays out there. this tuesday, president biden will sign into law a bill designed to stop these delays. the chips and science act provide more than $52 billion us companies producing computer chips and 2a billion in tax credits for new manufacturing facilities, as w ....