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Transcripts for CNN CNN Newsroom With Fredricka Whitfield 20210925 17:21:00

we just have dizsinvested. president biden is championing a bill in congress called the chips act which will put $50 billion to stimulate production of semi-conductors in america and the commerce department will lead on that initiative, but fundamentally it s pretty simple, we need to make more chips in america. reporter: but that won t solve the immediate issue. in the meantime u.s. officials are asking the industry to share information about their supply chains with the federal government. the goal is to try to catch some of these bottlenecks before they emerge. the commerce secretary told me that they are, quote, asking nicely for now, but if the industry doesn t comply she threatened to compel them to share information by evoking a cold war era law. still raimondo conceded the supply of computer chips won t be back to normal until late 2022 if not later. computer chips are just one part

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