The Biden Administration recently released its strategy for implementation of the CHIPS and Science Act. 

Biden signed the chips bill on the White House lawn on Tuesday, establishing a landmark achievement for U.S. semiconductor production. 

China's commerce ministry plans on monitoring the bill, which recently passed in the United States Senate and House. 

The "CHIPS plus" bill passed earlier this week in the United States Senate and passed in the House on Thursday evening.  

The weakened economy, in conjunction with inflation, has allowed automakers an opportunity to use decreased chip demand in other industries to their own advantage. 

The average age of a car on the road is 13.1 years and the average truck age is 11.6 years. 

Carlos Tavares says he expects the semiconductor supply chain to continue to struggle through the next year.

The 2022 Crash Course annual report from CCC offers an in-depth insight into how and why of the semiconductor shortage and its direct effect on the automotive aftermarket. 

Qualcomm on Tuesday announced it would begin supplying its semiconductor chips to BMW for use in the automakers ADAS systems.

Though negatively affecting the auto industry currently, several reports suggest the semiconductor shortage could be a sign of long-term economic growth in the not-too-distant future.