Could $52 Billion In Emergency Funding End The Automotive Chip Shortage? | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Could $52 Billion In Emergency Funding End The Automotive Chip Shortage?

The auto industry may have caught a break with a new bipartisan bill that has been assembled by Senate Majority Leader Chuck Schumer, D-N.Y., that calls for $52 billion in emergency funding for semiconductor chips.

The chip shortage has put a snag in the auto industry’s ramp up after being paused for several months due to the impact of the pandemic. As the COVID crisis ceased its nonessential production, chips were diverted to tech devices as consumers stayed home and needed computer equipment to support their remote work habits.

Now that automakers are back online, chip demand is in full swing, but suppliers are unable to meet the needs of the industry, forcing Ford, GM, Honda, Toyota, and others to temporarily shut down plants, delay deliveries, and cut production.

And in some instances, vehicles are being produced without the chips, decreasing their overall gas mileage.

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