Chip Supply Chain

-White House Held a Virtual Summit to Discuss Chip Supply Chain!

  Chip Supply Chain-White House Held a Virtual Summit to Discuss Chip Supply Chain! Top executives from companies such as Google's parent company Alphabet, AT&T, Intel and General Motors gathered at the White House yesterday for a virtual summit addressing the global semiconductor shortage. At the summit, which emerged as the Biden administration started to review important US supply chains; Chip shortages were discussed, involving a range of industries, from electric vehicle manufacturing to medical supplies. Automakers such as GM and Ford have recently had to reduce production estimates or extend downtime to deal with chip shortages. Since most of the chips in the world are produced in Asia, where the crisis first hit, the supply chain was disrupted from the very beginning with the Covid-19 outbreak. US officials and lawmakers highlighted the possible safety implications of the country's dependence on other countries for semiconductors. Senate Majority Leader Chuck Schumer said in a speech in February that semiconductor manufacturing is a dangerous weakness for the US economy and national security.

Chip Supply Chain-White House Held a Virtual Summit to Discuss Chip Supply Chain!

In the supply chain assessment summarized by Biden's administrative order in February, it was stated that their main purpose was "to control the national security of the American manufacturing supply chains and defense industry base, its flexibility and capacity to support emergency preparedness." The White House also said they are trying to review gaps in supply chains and domestic manufacturing managed by "countries that are unfriendly or unstable." Although China is not explicitly mentioned in the White House's review, it is clear that the administration's goal is to determine how much it can rely on a critical Chinese export group. According to the statement made by the White House; Commerce Minister Gina Raimondo also attended the virtual summit hosted by National Security Advisor Jake Sullivan and NEC Director Brian Deese. Participants discussed Biden's American Business Plan and how to strengthen the US supply chain for semiconductors. Here is the full list of companies whose executives attended the summit: Alphabet (Google) AT&T Cummins Dell Ford General Motors Global Foundries HP Intel Medtronic Micron Northrop Grumman NXP PACCAR Piston Group Samsung SkyWater Technology Stellantis Taiwan Semiconductor Manufacturing Company  

Source: www.cnbc.com

 

You may also be interrested in:

 

The price of bitcoin has approached a record high