US President Joe Biden signed a very important bill on Tuesday. Through this bill, America will now end China's dominance in semiconductor and chip production. Through this bill of $ 200 billion, American companies will be given help so that they can beat China in this field.
In the ongoing dispute between China and Taiwan, the biggest crisis in front of the world is about these semiconductors and chips. If China attacks Taiwan, then about 70% of the arrivals in the semiconductor and chip market will be reduced. Taiwan produces 63 while China makes about 7% of semiconductors and chips.
what's in the bill
According to the 'New York Post, $ 200 billion has been allocated to American companies in this bill named Chips and Science Act. Through this, in five years, American companies will not only be able to compete with China but will also leave them behind. In the era of Kovid-19, many mobile and car manufacturing companies of the world including America were facing a big crisis due to these chips. Then they were neither being produced nor supplied.
Biden said – even after 50 or 100 years from today, the world will remember this bill and the date of its passing. How important this bill is, can be gauged from the fact that both Democratic and Republican parties, apart from the party line, fully supported it.
will also get employment
According to one figure, this bill will also create 40 thousand permanent jobs in America. Earlier, Biden had given $ 50 billion to this sector. However, then this budget was to give a boost to the entire electronic sector. The $ 200 billion being given this time will be spent entirely on semiconductor and chip production and research. All the big electronics companies of America will start anew in research and production on this. The blueprint of this project has already been prepared. Therefore, it is believed that work on this will start very soon.
what is a chip game
If Taiwan is attacked, there will be a chip crisis in the mobile and auto industry around the world, which will be the biggest. 90 percent of the world's advanced semiconductors are made in Taiwan. Last year, Taiwan exported $ 118 billion only in the semi-conductor category. TSMC ie Taiwan Semiconductor Manufacturing Company supplies chips to all the world's largest companies including Apple, AMD, Nvidia, and ARM.
Why Taiwan is important to the world
Taiwan is the largest market for semiconductor chips used in everyday electronic devices, from phones to laptops and watches to mobile games.
A single Taiwanese company - Taiwan Semiconductor Manufacturing Company or TSMC - produces more than half of the world's semiconductor chips.
If Taiwan is captured, China can capture the world's most important industries present there. That is, this is also one of the reasons for his plan to attack Taiwan.
Which companies are most affected by the chip shortage?
According to Reuters, the semiconductor shortage could continue into 2022. It is affecting electronics and automobile companies along with smartphone production. The production of many companies like Hyundai, Ford, Volkswagen, Audi, and Nissan along with domestic companies like Maruti, Tata, and Mahindra has been affected. Along with companies like Samsung and Apple, the production of other tech companies has also been affected by chip shortages.
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