On the recordMarch 23, 2022
I come to the floor to talk about the underlying bill that we are trying to get passed. That is the United States Innovation and Competition Act that we passed here in the U.S. Senate about 280 days ago. One aspect of that bill is a provision that we just had a hearing on in the Commerce Committee today, and that is the funding of what are called semiconductors, the key technology enabling so much of the technology sectors today--from your phones to your smart devices, to automobiles, to the transition we want to make on clean energy, to just about everything that we see that is essential to be smarter, more connected, and to play off some of the advances in technology that allow us to be more efficient. But we are here to talk about how chips are also a supply chain issue. And the supply chain of this product has definitely been impacted over the last few years, both by the fact that there has been a higher demand for them and because of what has happened during COVID. In fact, 90 percent of the chips that are most advanced today come from Taiwan.…





