Automakers and chip makers have warned that the supply crunch could last until at least 2023.
It is expected that the US Commerce Department will soon release details from a study of semiconductor chips it did last year to win funding from Congress to boost US manufacturing. In September, the department asked semiconductor chip makers and other companies in the supply chain to voluntarily submit data amid a shortage of chips that has curtailed auto production around the world.
The department has said it has received cooperation but is yet to release details. Automakers and chip makers have warned that the supply crunch could last until at least 2023.
On Monday, the Commerce Department sought input on planning potential programs to encourage government investment in semiconductor manufacturing and research.
Commerce Secretary Gina Raimondo said on Monday, “The United States is facing an immediate supply shortage that is driving up prices and a long-term threat to America’s economic and national security if we reduce our domestic supply of chips.” don’t increase.”
Chrysler-parent Stelantis said Friday it is halting production this week at its Windsor assembly plant in Ontario, where it makes minivans, due to a shortage of chips.
House Democrats are expected to introduce legislation earlier this week aimed at increasing US competition with China and spending $52 billion on semiconductor production and research, sources told Reuters, with the Senate approving funding in June. After.
US House Speaker Nancy Pelosi said last week that the bill would come “soon” and a vote on the House floor is expected in February, sources said.
Biden is pressing Congress to approve more money to boost chip production in the United States because shortages of key components used in autos and computers have exacerbated supply chain bottlenecks.
On Friday, Intel announced that it plans to invest $20 billion and build two new chips plants in Ohio, while Samsung Electronics in November moved Taylor, Texas, to a $17 billion new plant to make advanced chips. was chosen for.
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