World news – President Biden will take steps to alleviate the semiconductor shortage in the US

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There is currently a global shortage of semiconductors that are used in many industries and some key industries have stalled in the United States. The semiconductor shortage has hit automakers particularly hard in America, causing several large companies to cease production. The Biden government has promised to take aggressive steps to address the global semiconductor shortage.

Part of the management plan is to identify supply chain bottlenecks and find an immediate path for companies and trading partners. Policy makers are also looking for long-term solutions with a comprehensive strategy to avoid bottlenecks and other problems that have significantly impacted the semiconductor industry over several years. One step that Biden is expected to take is to sign an executive order that will initiate a government-wide review of the supply chain for critical goods.

The lack of chips is said to be the main problem with triggering the probe. It’s unclear when the supply chain review will begin, but it is set to begin in the coming weeks. Biden’s Executive Order also forces a 100-day review by the National Economic Council and National Security Council that focuses on advanced packaging and semiconductor manufacturing. The review will also focus on critical minerals, medical supplies and high-capacity batteries for electric vehicles.

Information on what exactly the review will include has not yet been released, but details have emerged from people who claim to be familiar with the draft. Further supply chain assessments will be made within a year, focusing on key products, materials, technology and infrastructure. Other materials needed for defense, public health, telecommunications, energy, and transportation are also included in the ratings.

This week, several CEOs of chipmakers like Intel, Qualcomm and AMD wrote letters to Biden asking him to support domestic manufacturing to keep the US from losing out on innovation. Executives are calling for US semiconductor manufacturing incentives with grants or tax credits.

Ref: https://www.slashgear.com

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