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Tens of thousands of new cars remain in lots outside factories, waiting for the chips Published:  July 21, 2021 08:19 Bloomberg Brand new Ford F-Series trucks stored in a lot at Kentucky Speedway due to semiconductor shortage. Image Credit: Bloomberg Biden administration officials say they re starting to see signs of relief for the global semiconductor supply shortage, including commitments from manufacturers to make more automotive-grade chips for car companies that have had to idle production. U.S. Commerce Secretary Gina Raimondo, who has led President Joe Biden s efforts on chip supply, has brokered a series of meetings between semiconductor manufacturers, their suppliers, and their customers including automakers. Senior administration officials said the meetings helped ease mistrust between the sides related to the chipmakers production and allocation and automakers orders.

Republic ofUnited statesGina raimondoA goldman sachsDavid barnasJim farleyMary barraJoe bidenSamsung electronics coFord motor coTaiwan semiconductor manufacturing coMotors coFordf seriesKentucky speedwayImage creditSecretary gina raimondo