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Under Pressure, Biden Orders Review of U.S. Chip Supply Shortage
March 06, 2021 by Luke James
President Biden has signed an executive order to compel the federal government to conduct a 100-day review into semiconductor supply chains.
It s difficult to play down the gravity of the chip shortage after reading the letter. The letter focuses on how the absence of U.S. chip manufacturing incentives has affected the country s competitiveness, highlighting America s declining share of global semiconductor manufacturing.
It then urges the Biden Administration to fund the CHIPS for America Act fully. This bipartisan legislation plans a package of grants and tax incentives to strengthen America s domestic semiconductor supply chain.