Nine US governors press U.S. lawmakers to pass 52 Billion semiconductor funding bill. Taiwan unreliable potentially trillions at risk.

by Oscuridad_mi_amigo

www.governor.pa.gov/newsroom/governor-wolf-bipartisan-governors-urge-congress-to-pass-chips-act-to-create-american-jobs-boost-semiconductor-production/

So far the shortage has cost 2.2 Million vehicles. That could just be a tiny fraction if Taiwan has more serious future issues such as natural disasters or China invasion, which could cost businesses TRILLIONS in damages to companies such as: Ford (F) , General Motors (GM) , and Toyota (TM), Dell Technologies (DELL), Apple (AAPL), Google (GOOGL), AMD, NVDA, and many more.

The group, which also includes the governors of auto-producing states like Alabama, said the shortage had cost automakers 2.2 million vehicles and affected 575,000 jobs in the industry.

The semiconductor funding passed the U.S. Senate earlier this year by 68-32 as part of the broader U.S. Innovation and Competition Act, or USICA. But it has not passed the House of Representatives.

www.reuters.com/world/us/nine-governors-press-us-lawmakers-pass-semiconductor-funding-bill-2021-11-10/