Biden to meet with CEOs on semiconductor shortage

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Bluecap / 12 April, 2021

Biden to meet with CEOs on semiconductor shortage.

President Joe Biden will meet virtually with the CEOs of some of America’s biggest computer and auto companies Monday for crisis talks on the global shortage of semiconductors that is hobbling car manufacturing.

The White House said Biden will briefly join the meeting on “semiconductor and supply chain resilience,” which is being led by National Security Advisor Jake Sullivan, National Economic Council Director Brian Deese, and the Secretary of Commerce, Gina Raimondo.

Coming in over video link will be chief executives from giant companies including General Motors, Ford, Northrup Grumman, Alphabet/Google, and US semiconductor powerhouse Intel.

In all, 19 company bosses are listed as attending, also including Mark Liu, executive chairman of the Taiwan Semiconductor Manufacturing Company (TSMC), one of the lynchpins in the world’s supply for the vital electronic components.

Biden administration officials also intend to make a case for the president’s $2 trillion infrastructure package.

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