As Russia’s invasion of Ukraine stretches into another week, and further strains Taiwan-China relations, Americans are increasingly anxious about the impact of these events on their daily lives. This uncertainty underscores the need for quick action at home to ensure our long-term economic and national security. Indeed, the past two years have exposed glaring weaknesses in America’s supply chains, especially our dependence on semiconductors produced overseas.
Increased consumer demand and supply chain bottlenecks have resulted in an unprecedented shortage of goods that rely on advanced technology. The chip shortage reverberating across our economy has resulted in product delays and even halted production at some automobile manufacturers.
We are constantly reminded of our reliance…
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