Automakers and chips producers have warned that provide shortages may final till not less than 2023.
The US Commerce Department is predicted to quickly launch particulars from a examine of semiconductor chips it performed final yr amid a push to win funding to spice up US manufacturing from Congress. In September, the division requested semiconductor chip producers and different corporations within the provide chain to voluntarily submit knowledge amid a scarcity of chips that has curtailed auto manufacturing around the globe.
The division has mentioned it obtained cooperation however has not but launched particulars. Automakers and chips producers have warned that provide shortages may final till not less than 2023.
On Monday, the Commerce Department sought enter on planning potential applications to incentivize authorities funding in semiconductor manufacturing and analysis.
“The United States faces both an immediate supply shortage that’s driving up prices and a long-term threat to America’s economic and national security if we don’t increase the domestic supply of chips,” mentioned Commerce Secretary Gina Raimondo on Monday.
Chrysler-parent Stellantis mentioned Friday it was halting manufacturing this week at its Windsor Assembly Plant in Ontario the place it builds minivans due to the chips scarcity.
House Democrats are anticipated as early as this week to introduce laws geared toward rising US competitiveness with China and spending $52 billion on semiconductor manufacturing and analysis, sources instructed Reuters, after the Senate accredited funding in June.
US House Speaker Nancy Pelosi final week mentioned the invoice would come “soon” and a vote on the House ground is predicted in February, the sources mentioned.
Biden has been urgent Congress to approve extra funds to spice up chip manufacturing within the United States as shortages of the important thing parts utilized in autos and computer systems have exacerbated provide chain bottlenecks.
On Friday, Intel introduced it plans to speculate $20 billion and construct two new chips crops in Ohio, whereas Samsung Electronics in November picked Taylor, Texas for a brand new $17 billion plant to make superior chips.
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With inputs from NDTV
