As the nation wrestles with ongoing shortages.
US Senate leaders are preparing to introduce legislation on semiconductors, President Joe Biden said as the nation wrestles with an ongoing shortage of the critical technology used in a range of devices from cars to computers.
“We’re working on that. (Senate Majority Leader) Chuck Schumer and, I think, (Senate Republican Leader Mitch) McConnell are about to introduce a bill along those lines,” Biden said during remarks about his own plan to boost the nation’s infrastructure.
Schumer and McConnell’s offices did not immediately comment.
The White House is set to hold a virtual summit on the issue on Monday that is expected to include senior US auto executives, including Ford Motor chief executive Jim Farley and General Motors chief executive Mary Barra, and White House officials Brian Deese and Jake Sullivan, officials said.