Biden Team Pledges Aggressive Steps to Address Chip Shortage
- Companies have urged Biden to back domestic production
- Biden expected to sign executive order on supply chain review
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The Biden administration is working to address the global semiconductor shortage that has caused production halts in U.S. industries including autos, White House Press Secretary Jen Psaki said.
The administration is identifying choke points in supply chains and discussing an immediate path forward with businesses and trading partners, Psaki told reporters at the White House on Thursday. In the longer term, policy makers are looking for a comprehensive strategy to avoid bottlenecks and other issues the semiconductor industry has been facing for years.