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President Joe Biden is set to sign an executive order Wednesday afternoon that will address the global semiconductor shortage, which is forcing US automakers and other manufacturers to cut production, according to Reuters.
Administration officials said the executive order will launch a 100-day review of supply chains for four products: semiconductor chips, large-capacity batteries for electric vehicles, rare earth minerals and pharmaceuticals. The order will also direct six sector reviews in areas of defense, public health, communications technology, transportation, energy and food production, Reuters reported.
The United States has been hit with many supply shortages since the onset of the Covid-19 pandemic. The chip shortage is the latest example of issues hurting American workers. This new order is a move for the White House to diversify the United States’ supply chains to avoid dependence for specific products like rare earth minerals from China, the a