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jake, quickly, with regards to the semi conductors, i mean, is it also part of the materials that are used to make them? i mean, i guess a lot of folks are trying to figure out how it is we managed to get beat so early to the punch on semi conductor manufacturing in our country. well, what it really is was a significant investment on the part of the taiwan government. as early as the 19 0s, they began to see the possibility of being a world leader. they punched a lot of money into the sector. at this point we have congress considering the chips act which would put about $50 billion into a domestic semi conductor industry. the largest manufacturer of semi conductors in the world, tsmc, they are going to put about $100 billion over the next three years into rnd alone. so the early investment that that country made in semi conductors is why they are so far ahead of the game now. mike memoli, let s pivot for a moment. of course, the big story in our ....
Higher risk of covid infection being leading to more serious hospitalization and even death, are those getting the prioritized as these tests get shipped out. we should put that phone number back up on the screen one more time, mike, for our viewers at home and listeners own the radio. i will read the number. again, this is the phone line to order those free covid-19 tests if you don t have internet access or you rather pick up the phone and dial. 1-800-232-0233. we ll come back to the white house when that event gets underway, and jake ward, appreciate semi conductor 101 on this friday morning as well. thank you for that. the other issue that the administration is facing this morning, of course, that critical meeting as tensions build between ukraine and russia just a few hours ago, the secretary of state, anthony ....
President biden, mike memoli, also with me jake ward. michael says effort to address broader economic concerns, and a big part of the speech is the announcement from intel. the company says it s going to be opening a new facility in ohio. zblenchts one of the fist planks was about trying to revive american manufacturing. when you look at his first year in office, one of the major challenges his administration had to deal with, the supply chain disruptions. especially as it relates to semi conductors, the chips that are part of so much of the goods that we use on a daily basis. according to one white house estimate that supply chain estimate shaved 1% off gdp of our economy. the president is eager to use ....