President Joe Biden will sign an executive order on Wednesday aimed at addressing a global semiconductor chip shortage that has forced US automakers and other manufacturers to cut production and alarmed the White House and members of Congress, administration officials said. The chip shortage, which in some cases is forcing automakers to take employees off production lines, is the latest example of supply bottlenecks hurting American workers. The chip scarcity has quickly grown into a major headache for the White House. In 1990, the US accounted for 37% of global semiconductor production. Under Biden's order, the White House will look to diversify the United States' supply chain dependence for specific products such as rare earth minerals from China.

Source: Hindustan Times February 24, 2021 11:26 UTC