What just happened? We already know that semiconductor shortages have an impact on multiple industries, aid situation is expected to get worse. This is become such an issue that the Joe biden administration is stepping in to need to address the problem.
White House works on the secretary Jen Psaki said that generally the Biden team is “currently picking out potential chokepoints in the supply sequence and actively working alongside important stakeholders in industry and with all of my trading partners to do more right. ”
President Biden is expected to authorize an executive order in the on its way weeks directing a government-wide give chain review for critical commodities, including chips, writes Bloomberg . The 100-day review will be led by the Country Economic Council and National Guarantee Council. Its focus will be regarding semiconductor manufacturing and advanced parcels, critical minerals, medical supplies, with high-capacity batteries, such as those used by electric vehicles.
The government intervention has been encouraged by the problems chip shortages are almost always causing around the automotive industry . Companies including Kia, GM, VW, and many more have all relieved or say they may reduce a output due to semiconductor supply events. General Motors said it could move $2 billion from 2021 proceeds, while Ford has cut back produce of its popular F-150 pickup trucks with plants in Michigan and Missouri.
The Vibrant House announcement follows a Thinking about receiving 19 letter sent to Biden teacher Brian Deese from the United Right from Workers union that asked that administration to consider “urging major si wafer foundries to ramp up opertation of automotive grade wafers. ”
On Friday, CEOs of tech giants among them Intel, AMD, and Qualcomm ok’d a letter urging Biden to elevate support for domestic chip end production. It notes that the United States’ share of global chip manufacturing displays dropped to 12 percent through 37 percent in 1990. The demands include “substantial funding for bonuses for semiconductor manufacturing, in the form of awards and/or tax credits. ”
While the professional review is concentrating on easing problems contained in the automotive industry, it could ultimately help mailing address shortages elsewhere, including PC hardware and gaming systems .
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