The U.S. Senate has reportedly passed a Bill to allocate $52 Billion for Semiconductor Chip Manufacturing. There was a 68-28 vote that will send the Bill back to The House of Representatives to decide on a comprise version of the Bill.
The chip shortage has rocked the Auto Industry causing manufactures to scale back their production. In turn, this event has lead to increased inflation within the auto industry making car prices shoot up.
This Bill’s intent according to White House Spokeswoman Jen Psaki is “to strengthen our supply chain.” While a stronger supply chain sounds great to some, others criticize the Bill labeling it “corporate greed.”
General Motors has stated that they would idle their production at an Indiana Pick-up plant for 2 weeks because of the shortage.