Hope the horse is not out of the barn: First time I've seen the proposed Microchips legislation and it's purpose tied to the Defense Production Act

Their legislation is called the MICROCHIPS Act, an acronym which stands for Manufacturing, Investment, and Controls Review for Computer Hardware, Intellectual Property and Supply. It would oblige the Director of National Intelligence, the Department of Defense and other agencies to develop a plan to increase supply chain intelligence within 180 days.

It would also make funds available under the Defense Production Act for federal supply chain security enhancements. 

“Actions by the People’s Republic of China have contributed to an unfair and unsafe advantage in its technological race against the United States,” Crapo said. “Through government investments and subsidies, as well as intellectual property theft of companies like Idaho’s Micron, China aims to dominate a $1.5tn electronics industry.”

Crapo added that China’s actions had created “serious, far-reaching threats” to the supply chains that support the US government and military. 

https://www.cips.org/en/supply-management/news/2019/august/us-protects-supply-chains-from-chinese-influence/