on to the silicone plates that are chopped up in to chips that will end up in say your computer. making just one can take six months. >> you see each of these is a chip. >> i'm surprised. i thought chips were minute. >> each has a billion transistors on them, there's a billion circuits inside of them, and one wafer could have a how on them. >> they are shrinking them so you can pile more on a chip and make it more powerful and work faster. >> every one of these is laying down circuits that are so much smaller than anything your hair, any other part of human existence. a covid particle is way bigger than one of the lines that we are creating here. >> reporter: how much does this fab cost? >> $10 billion. >> reporter: billion? >> ten billion. because each of these pieces of

equipment is $5 million. that's a hot of millions of dollars. >> reporter: chips differ in size and sophisticationdepend ing on their end use. they don't make many chips for the auto sector but because of the shortage they are going to reconfigure the fabs to churn them out. i wonder if we will continue to have shortages in cars and for our phones and computers ander for everything? >> i think we have a couple of years until we catch up to the surge in demand across every aspect of the business. >> reporter: covid showed that the global supply chain of chips is fragile and unable to react quickly to changes in demand. one reason, fabs are wildly expensive to build, furbish and maintain. it used to be that there were 25 companies in the world that made the high end cutting edge chips. and now, there's only three.

and in the united states? you. >> yeah. >> reporter: one, one. today, 75% of semiconductor manufacturing is in asia. >> 25 years ago, the united states produced 37% of the world's semiconductor manufacturing in the u.s. today, that number has declined to just 12%. >> reporter: doesn't sound good. >> doesn't sound good and anybody who looks at supply chain says that's a problem. >> reporter: look at what is going on -- a problem because relying on one region, especially one as unpredictable as asia, is highly risky. intel has been lobbying the u.s. government to help revive chip manufacturing at home with incentives, subsidies or tax breaks the way the governments of taiwan, singapo are israel has done. the government is including it

infrastructure plan. >> this is infrastructure. >> reporter: your business is extremely lucrative, in terms of are revenue, you made $78 billion last year. why should the government come in to a company, a business that is doing so well over overall? >> it's a big critical industry and we want more in america. the jobs in america and the control of the long-term technology future and as we have said the disruptions in the supply chain. >> reporter: you have spent much more in stock buy-backs than you have in research and development. a lot more. >> we will not be anywhere near as focused on buy aboks forward ae i past was asart o me coming in to the company, and agreed upon where the board of directors. >> reporter: why shouldn't private industry fund this instead of the government? the industries that rely on these chips, apple, microsoft, the companies that are rolling

in in money. >> well, they are happy to buy from the asian suppliers. >> reporter: actually, they don't always have a choice. for chips with the tiniest transistors, there's no made in the u.s. option. intel currently doesn't have the know-how to manufacture the most advanced chips that apple and the others need. the decline in the industry, it's kind of devastating, isn't it? >> the fact that this industry is created by american inon ovation. >> reporter: the whole silicone valley idea started with intel. >> yeah, the company cstumbled. still a big company. had product stumbles and manufacturing and process stumbles. >> reporter: perhaps the biggest was in the early 2000s when steve jobs of apple neede cps for a new idea, the iphone. intel was not interested and apple went to asia, eventually

finding tsmc, the taiwan semi conductor manufacturing company. today the world's most advanced chip manufacturer producing chips that are 30% faster and more powerful than intel's. they are ahead of you in the manufacturing side. >> yeah. >> reporter: considerably ahead of you. >> we believe it will take us a couple of years and we will be caught up. >> reporter: gal singer is making big bets. breaking new ground on two new fabs in arizona, costing $20 billion, intel's largest investment ever and he will announce a $3.5 billions in new juggernaut worth over half a trillion dollars. collaborating with clients to produce their chip designs, it's been sought out by apple, amazon, contractors for the u.s. military, and even intel. which uses tsmc to produce their

cutting edge designs they are not advanced enough to make themselves. how and why, did intel fall behind? >> it is a surprising to us to. >> reporter: we spoke remotely with tsmc chairman, mark lu at the company headquarters in taiwan. his company is a leading supplier of the chips that go in to american cars. and in march, 2020, as covid paralyzed the u.s., carly sales tumbled, leading automakers to cancel the chip orders so tsmc stopped making them. that's why why when ces unexpectedly bounced back late last year, there was a shortage of chips. leaving cars with no power parked in car makers lots of costing them billions. >> we heard about this shortage in december timeframe. and in january, we tried to

squeeze as much as possible to the car company. today, we think we are two months ahead that we can catch up the minimum requirement of our customers before the end of june. >> reporter: are you saying the shortage in chips for cars will end in two months? >> no, there's a time lag. in car chips, particularly, the supply chain is long and complex. this supply takes about seven to eight months. >> days after intel mounsed the plans to spend $20 billion on wo billio t tsmcen upgrade its pallefacilities t ♪ why do you build me up ♪ ♪ (build me up) ♪ ♪ buttercup, baby ♪ ♪ just to let me down ♪ ♪ (let me down) ♪ ♪ and mess me around ♪ ♪ and then worst of all ♪ ♪ (worst of all) ♪ ♪ you never call, baby ♪ ♪ when you... ♪

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financial help may be available. you can't plan for your period's... ask your doctor about trintellix. what the gush moments. but the right pad can. only always ultra thins have rapiddry technology and, they absorb 40% faster. the gush happens fast. that's why always absorbs faster. the pandemic has led to a spike? residential real estate prices from coast-to-coast and one of the hottest markets right now is austin, texas, which saw home prices rise more than 18% in the last year. janet took a tour with the very happy broker. >> this is one of the finest pieces of properties. >> reporter: a trip down the shore line is jaw dropping. he is used to selling high

dollar luxury properties like these, since march 2020, demand in what buyers will spend has shocked even him. >> so is march through june, we 19 buyers that came that were up to 20 million. i lost count after june. and if i had to guess, i would say we had 40 buyers that were $20-50 million. >> reporter: and everyone he said wants to live on the lake. the capitol of texas, laid back and long known for food and music scene. has become one of the fastest growing cities in the nation. the downtown skyline is a ballet of new skyscrapers, tech giants like google and apple expanding their footprint and there's a massive manufacturing plant being built here by tesla. since the pandemic started the flow of people to austin has turned to a flood, and many are from california. like this start up founder. >> for $3,000 a month, i can live in a house.

i have a home office, a backyard. >> reporter: along with a million dollar view from the low income neighborhood where he lived for decades. with rising property taxes the second grade teacher doesn't know how long he can afford to stay here, as working class neighborhoods closes to downtown, are turned in to high priced housing. >> the city council and local government has to take initiative to protect the working families, you know, like families that make less than $50,000 a year. >> reporter: elias said the state government and city employees are moving outside the city, where prices are cheaper. and the number of homeless, is growing. >> we sold that for $4.2 million, today it would be worth double that. so, that would be $8 million . in fiveyears. >>e houo on t market aroundoundrock,t offers in twosuyers cannot compete with that. i mean, if you are not all cash

and ready to close, you are not going to get it. i sold this lot -- >> reporter: growing pains ami welcome to the place where the aroma of authenticity turns into the scent of home. where cacique inspires you to add your own flair.

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an army of volunteers made a big difference in the pandemic by firing up their sewing machines in the service of our front line heros now that the covid crisis is fading, they are keeping at it with a new mission to help the needy. you probably never thought of sewing as a life saving super power, tiffany herbert of colorado said that is exactly what it is. over the past year, she and thousands of craftivists have made 1.3 million masks and other protective items. >> i call them the at home heroes of this pandemic sgloompt heroes who wanted to do more. >> because i kept hearing from people, what are we going to do when we are not sewing masks anymore. >> reporter: her answer, keep sewing for a new mission she calls crafting change. crafters from 35 states focus on

the under served. including the homeless and tribal communities. that need not just masks, but basics like hats, skarcarves an baby blank etc.s and they make caps for nurses. >> this nurse was stun bid the unexpected kindness. >> knowing the people sewed on their own time to help me through my day, that meant a lot. >> reporter: did you ever think that your love of sewing and crafting would turn in to a social mission. >> no, my sewing machine was collecting dust prior to the pandemic. >> reporter: now, it's bringing comfcomfort to countless people need. crafting to make a better world and that's the overnight news for this tuesday, for some of you the news continues, for others check back later for cbs this morning and follow us online at any time, at cbs news.com. reporting from the nation's capitol, i'm chip reid.

♪ it's tuesday, may 4th, 2021. this is the "cbs morning news." expanded availability. the new group of americans that could soon be able to get a coronavirus vaccine. we'll tell you the announcement from pfizer. deadly train derailment. we have the very latest on the overpass collapse in mexico that has left more than a dozen dead. and splitting up. one of the richest and most powerful couples in the world are getting a divorce after nearly three decades of marriage. what it means for bill and melinda gates' future. i'm anne-marie green. we begin with breaking news overnight o