Biden to address chip shortages and supply chain issues with executive action

Biden to address chip shortages and supply chain issues with executive action
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WASHINGTON – President Biden plans to sign an executive order on Wednesday that will provide for a comprehensive review of the supply chains for critical materials – from semiconductors to pharmaceuticals to rare earth minerals – in an effort to boost domestic production while strengthening ties with allies.

A chip shortage pushes automakers in the US and worldwide, and Biden were government officials Work with industry To release supplies. Cars use chips for a variety of systems including engine management, automatic braking, and assisted driving.

The executive order is expected to include a 100-day review of supply chains for four areas: semiconductors used in products from cars to phones, large-capacity batteries for electric vehicles, pharmaceuticals …

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