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Microchips, the digital brains of every piece of technology around us. but a global shortage has disrupted everything from the production of cars to household appliances.- of cars to household appliances. of cars to household a- liances. �* ., appliances. almost all the refrigerators _ appliances. almost all the refrigerators have - appliances. almost all the - refrigerators have computers, circuit boards in them now. this in a soda appliance retailer has struggled to keep his showroom floor stock. there are still a _ his showroom floor stock. there are still a lot _ his showroom floor stock...

Be answering them. this is not just about economics for the united states. it's also about national security: the u.s. gets about 3/4 of their key semiconductors from outside the united states right now. that presents a challenge, when you think about the use of these semiconductor chips, not just in cars, for example, but in other key electronics, but also in weapons systems, including those made by lockheed martin whose ceo was in attendance today. president biden mentioned his visit to a facility in alabama and the importance of those semiconductor chips for that company and that industry a...

Will provide $52 billion in subsidies and tax credits for chip manufacturing in the u.s. and 200 billion for scientific research. global foundries is one of the largest chip-maker in the country. how big is this facility? >> give or take about seven football fields. >> reporter: at this high-tech facility everything looks yellow, special lighting to protect the del watt production of microchips. christopher belfi is the equipment engineering manager. how complex is it to make these microchips? they're in everything we use, phones, tvs, cars. >> it is extremely complex. and as the demand on cap...

It was interesting. it was -- he was obviously excited to tout this bipartisan win, but this bill, jeremy, does not come without critics who say this is a $52 billion bill that is largely subsidizing big profitable companies like intel, et cetera, it comes with a lot of strings attached, right? they get this money to build an america and not in china and elsewhere, but it comes with strings attached, clawbacks, et cetera. >> yeah, and you heard president biden touting the billions of dollars of new investments from u.s. companies that will be investing in u.s. production of semiconductors, and...

Contractors. now, this is all aimed at trying to reposition the u.s. as one of the top producers of semi-conductor chips in the world, and it is a $280 billion investment. let me break it down for you. $52 billion for chip making and research. that's tax incentives and subsidies for manufacturing companies. then you have another $1.5 billion to help u.s. telecommunication companies compete with chinese companies like huawei, and another $170 billion into scientific research and space exploration. listen, this is all, as i said, aimed at repositioning the u.s. as one of the top chip makers. sem...