We all know how impossible it is to find any of the new electronic and gaming products released from the last 6 months or so: AMD's new Ryzen 5000 series CPUs and Radeon RX 6000 series GPUs, NVIDIA's new GeForce RTX 30 series GPUs, and the new Sony PlayStation 5 and Microsoft Xbox Series X/S consoles.
New smartphones are harder to buy and will continue to get harder to buy, which will involve the likes of Qualcomm while Micron provides memory and flash products for all of their respective products.
These companies are now urging President Joe Biden "urging" him as Reuters reports, to provide them with "substantial funding for incentives for semiconductor manufacturing" as part of the Biden administration's economic recovery and infrastructure plans.
- Read more: Samsung plans next-gen $17 billion fab plant in the USA for late 2023
- Read more: TSMC sets up Arizona, USA subsidiary with $3.5 billion in capital
- Read more: The White House talking with Intel, TSMC to set up factories in the US
- Read more: Trump drives TSMC, Foxconn to consider US manufacturing
The required chips are manufactured for the most part by TSMC (Taiwan Semiconductor Manufacturing Co.) and Samsung, which are in Taiwan and South Korea, respectively. While there are plans to get new plants -- even from TSMC and Samsung -- opened in the USA, that takes time... and money, lots of it.
AMD, Intel, Micron and Qualcomm explained in their letter sent by the Semiconductor Industry Association to Joe Biden that the US market share of semiconductor manufacturing used to be 37% back in 1990, and it has dropped to just 12% in 2021.
The group of companies said: "This is largely because the governments of our global competitors offer significant incentives and subsidies to attract new semiconductor manufacturing facilities, while the U.S. does not. Working with Congress, your administration now has an historic opportunity to fund these initiatives to make them a reality. We believe bold action is needed to address the challenges we face. The costs of inaction are high".