indianapolis, indiana — Semiconductors, or microchips, are critical to almost everything electronic used in the modern world. In 1990, the United States produced about 40% of the world’s semiconductors. As manufacturing migrated to Asia, U.S. production fell to about 12%. “During COVID, we got a wake-up call. It was like [a] Sputnik moment,” explained Mark Lundstrom, an engineer who has worked with microchips much of his life. The 2020 global coronavirus pandemic slowed production in Asia, creating a ripple through the global supply chain and leading to shortages of everything from phones to vehicles. Lundstrom said increasing U.S. reliance onmore