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Upcoming U.S. Commerce regulations to bar semiconductor subsidies benefiting China and safeguard national security amidst a $39B initiative

Semiconductors: The regulation is the final hurdle before the Biden administration can begin awarding $39 billion in subsidies for semiconductor production. The landmark "Chips and Science" law provides $52.7 billion for U.S. semiconductor production, research and workforce development.

Micron: Minister of state for IT & electronics, Rajeev Chandrasekhar said companies will invest because of a strong demand curve for the precious commodity and as the country emerges as a trusted partner in the electronics ecosystem.

>> we'll be watching you. we'll look for those compromises where it brings you. on the chip funding, can you describe to folks at home what this consists of? as you mentioned, chips go into cars. cars are basically computers with four wheels now. this is affecting the prices of cars. how will they see this and how quickly? >> so, first of all, congress needs to pass the bill. there's a bill weaving its way through congress. it's kind of stuck in the house right now which allows us, the department of commerce, the tools we need to provide incentives for companies to make chips in america. like,...