President Biden is set to sign an executive order Wednesday to address growing concern over a global semiconductor shortage hampering the production of goods like automobiles and smartphones.
The White House’s executive order will direct the federal government to conduct 100-day reviews of supply chains in four sets of products, including computer chips and large capacity batteries, like those used in electric vehicles, according to administration officials.
The chip shortage was a result of a number of factors created by the coronavirus pandemic. As more of daily life moved online, consumer electronics manufacturers saw an increase in demand for products like laptops. Production of chips also slowed down in part because of the…
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Author: Makena Kelly