Dems Issue Warning On Computer Chip Shortage

WASHINGTON (AP) – The Biden administration and Democrats are warning of dire consequences if Congress fails to act on computer chips legislation. They say Congress needs to pass a bill by the end of July that’s designed to boost semiconductor manufacturing in the United States. Advocates say the plan is important for the economy and national security. Commerce Secretary Gina Raimondo says computer chip makers are being offered lucrative incentives from other countries such as South Korea, Japan, France, Germany and Singapore to locate plants there. Raimondo says “there are very real, very devastating consequences if Congress doesn’t do its job in the month of July.”