The Biden administration has decided to play Santa Claus to Samsung, giving the tech giant a whopping $6.4 billion in a move that promises to make computer chips great again. The objective? to increase output and alleviate the world's chip scarcity. Folks, you heard correctly. With Samsung on board as his right-hand chipmunk, Uncle Sam is now formally in the chip business.
Samsung Gets a $6.4 Billion Boost from Biden Administration
You may not be aware of the global chip crisis unless you've been living under a rock—or, alternatively, a very powerful gaming PC. This kind of shortage is what inspires you to arrange a candlelight vigil in honor of your beloved electronics retailer. Every device that needs a chip, from smart refrigerators to cars, gaming consoles, and cellphones, is feeling the pinch. It's similar to The Hunger Games, except on the production line, it's chips vying for survival rather than tributes.
Step left to enter the stage is President Joe Biden, who has a plan that is greater than the chips. It mimics Oprah's give-away madness, only silicon wafers are involved rather than vehicles. Furthermore, let's admit it—chips may be more valuable than wheels in today's society.
You may question, but why Samsung? It seems that they possess an enchanted ability when it comes to applying silicon magic. Their technological know-how combined with an injection of government funding places them in the perfect position to become the chip industry's fairy godmother, delivering blessings upon all the bedraggled gadget manufacturers out there.
$6.4 billion is a significant sum of money. With that type of money, you could maybe own your own space launch or a tiny island. However, the Biden administration is using it for much more practical purposes, such as adjusting the buffer time on Netflix and ensuring that your GPS doesn't lead you astray while it's too busy recalculating.
What can we anticipate from this chip-tastic collaboration, then? Ideally, our screens will display more "Add to Cart" buttons and fewer "Out of Stock" notices. Imagine a world in which a car doesn't require a software update every time you hit a pothole, or where you can purchase a gaming console without having to sell your kidney on the underground market.
But let's not get carried away. No one ever built Rome in a day, and semiconductor factories are no exception. It will require some time for Samsung to ramp up manufacturing and for those irresistibly delicious chips to come off the assembly line. Perhaps we could all start knitting or going birdwatching to kill time in the interim. Who knows, we might discover a whole new set of interests by the time the chips arrive.
Let us toast to Uncle Sam's recent discovery of love for computer chips. May the gods of silicon bless us and grant us endless supply of electronics. Finally, there's always solitaire if nothing else works. It's impossible to have too much solitaire.