The Biden government is planning “aggressive measures” to alleviate the global shortage of semiconductors, Bloomberg reports. The chip shortage has affected the auto industry and contributed to the shortage of next-generation game consoles.
President Biden “is expected to sign an executive order directing a government-wide supply chain review for essential products in the coming weeks, with chip shortages being a central concern behind the investigation,” says the report. Among the government’s priorities: “identifying bottlenecks in supply chains” to alleviate the current shortage.
In the long run, the White House may also create new incentives to bring chip manufacturing to the United States, according CNBC. Top executives at chip makers, including Intel and Qualcomm, urged the Biden government to fund such initiatives, although it is unclear exactly what form the incentives could take.