America's semiconductor industry remains fragile as lawmakers seek billions in spending to shore it up.
, but emphasized that the supply chain remains "fragile" and that the $52 billion of funding in the COMPETES Act is crucial to resolving the chip shortage.
According to Raimondo, demand for chips is running almost 20% higher than 2019 levels. She also noted that fabrication plants across the globe are running at their capacity and chip inventory has fallen from 40 days to less than five days.
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