The Biden administration plans ‘aggressive steps’ to alleviate global semiconductor shortages, Bloomberg reports. The shortage of chips has affected the automotive industry and contributed to the scarcity of next-generation game consoles.
President Biden “is expected to sign an executive order in the coming weeks that directs a government-wide review of the critical goods supply chain, with the shortage of chips a key source of interest behind the investigation,” the report said. Among the priorities of the administration: “identification of choke points in supply chains” to alleviate the current shortages.
In the longer term, the White House could also create new incentives to bring the production of chips to the United States, According to CNBC. The top executives of chipmakers, including Intel and Qualcomm, have urged the Biden government to fund such initiatives, although it is not clear exactly what form the incentives could take.