Questions swirl over subsidies for chip industry

By John M. Donnelly CQ-Roll Call

When a massive container ship called the Ever Given got stuck sideways in the Suez Canal for nearly a week this March, it caused a traffic backup in oceangoing commerce, costing the world about $60 billion, by one estimate.

After days of salvage experts trying to dig the ship out, the Ever Given was ultimately freed on March 29, thanks to a big assist from a higher-than-usual tide. The Ever Given’s saga was the latest reminder of how the world economy can be held hostage by a single point of failure in a global supply chain that is more precarious than most

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