Politics Semiconductor Shortage: Biden will participate on the top Monday with CEOs

20:50  12 april  2021
20:50  12 april  2021 Source:   ouest-france.fr

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TSMC is the world's largest semiconductor maker © Sam Yeh TSMC Is the World's Largest Semiconductor Maker

Joe Biden President will participate on Monday at the Virtual Summit with the leaders of the leading electronics and automobiles of the Country, about the global scarcity of semiconductors, to study with them how to strengthen the supply and manufacture in the United States.

The White House announced that Joe Biden would join "briefly" at this meeting, led by the director of the Economic Council of the White House, Brian Deese, the National Security Advisor, Jake Sullivan, and the Secretary of Commerce, Gina Raimondo.

The participation of 19 companies has been announced.

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CEOs of Ford and General Motors Automobile Builders, American Alphabet Technology Groups, Google House, and Intel, must be present, as well as Mark Liu, Executive Chairman of Taiwan Semiconductor Manufacturing Company (TSMC), the One of the leading semiconductor manufacturers.

The leaders of the BIDEN administration also intend to advocate for their investment plan of $ 2,000 billion, presented at the end of March and which will be the subject of bitter negotiations in the congress in the coming months.

Strengthening the manufacture of semiconductors in the country is part of it.

The communication equipment (Internet box, computers, telephones), for which the demand has bonded with the pandemic, were the first affected by this global shortage.

The automotive industry is now the most visible victim with a highly slow production. General Motors and Ford have thus been constrained, repeatedly, to temporarily suspend production lines.


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usr: 0
This is interesting!