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White House to zero in on chip shortage in meeting with company officials
Reuters ^ | April 12, 2021 | Reuters Staff

Posted on 04/12/2021 6:05:03 AM PDT by John W

WASHINGTON (Reuters) - Senior White House officials will meet on Monday with top executives from nearly 20 major companies to discuss a global semiconductor shortage that has roiled the automotive industry and technology firms.

The White House meeting is billed as the “CEO Summit on Semiconductor and Supply Chain Resilience” and will include White House national security adviser Jake Sullivan and National Economic Council Director Brian Deese.

As of midday Friday, 19 major companies had agreed to send executives, including General Motors Chief Executive Mary Barra, Ford Motor Chief Executive Jim Farley and Chrysler-parent Stellantis NV CEO Carlos Tavares.

Deese said in a statement the “summit reflects the urgent need to strengthen critical supply chains.”

Commerce Secretary Gina Raimondo will also take part, as well as executives from GlobalFoundries, PACCAR, NXP and Taiwan Semiconductor Manufacturing Company, AT&T, Samsung, Google-parent Alphabet, Dell Technologies, Intel Corp, Medtronic, Northrop Grumman, HP, Cummins and Micron.

(Excerpt) Read more at apple.news ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: elonmusk; intel; tesla; tsmc
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1 posted on 04/12/2021 6:05:03 AM PDT by John W
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To: John W

Make them here. Force them to with a tariff.


2 posted on 04/12/2021 6:05:41 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: central_va

Can’t make new foundries. EPA regulations. Good luck getting the Biden Puppet Admin to change that. All this will do is make electronics way more expensive in the US.


3 posted on 04/12/2021 6:07:57 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: John W

We’re from the government, and we’re here to help you.


4 posted on 04/12/2021 6:08:02 AM PDT by E. Pluribus Unum (Anti-racism looks suspiciously like racism.)
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To: John W

White House to zero in on chip shortage in meeting with company officials where Joe Biden brought two cases of Pringles...


5 posted on 04/12/2021 6:08:27 AM PDT by eyeamok (founded in cynicism, wrapped in sarcasm)
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To: central_va
"Make them here. Force them to with a tariff."

Exactly.

6 posted on 04/12/2021 6:08:44 AM PDT by DannyTN
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To: John W

A war (cold or otherwise) with China should improve things.


7 posted on 04/12/2021 6:09:07 AM PDT by Sooth2222 (“Taxation without representation is tyranny.” -James Otis (1761))
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To: John W

Toadie: Mr. President, we are running low on chips.
Biden: Right. Run down to Circle K and get some. Nacho Cheese if they have them.


8 posted on 04/12/2021 6:09:19 AM PDT by Jeff Chandler (Pathetic Pierre Delecto, the Pestiferous Potentate of Enchanted Chones.)
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To: Spktyr

You don’t make ECU’s in a foundry....


9 posted on 04/12/2021 6:09:26 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: John W

Hmmm. Seems like these days the ‘ceos’ are too busy NOT doing their job and instead leading the brigade of social just-us assclowns. Seems like none of the so called “leaders” have the testicular fortitude to tell the other chumps to STFU and do what you companies job is. Fookin’ idjits!


10 posted on 04/12/2021 6:10:26 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this?)
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Comment #11 Removed by Moderator

To: DannyTN

Free Traitors™ are on this thread protecting woke globalist corporations. IT MAKES ME SICK.


12 posted on 04/12/2021 6:13:49 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: central_va

I want electronics to be made in the US - but you seem to conveniently ignore the fact that between the 90s and today, craploads of environmental laws were passed that helped drive manufacturing offshore. There’s also the ITAR regulations that won’t let manufacturers export much more complex than a hand calculator without special permission from the government per shipment.

These regs would need to be waived or deleted. Do you really think the Biden Admin would do this? Since they won’t, and manufacturers can’t spin up new silicon foundries in the US, all the tariff would do is make everything more expensive.


13 posted on 04/12/2021 6:16:21 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: John W

More diversity training and hiring more trans individuals will lead to engineering breakthroughs and more factory construction.


14 posted on 04/12/2021 6:18:08 AM PDT by Roadrunner383 ( )
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To: central_va
Yes, actually you do - you make the chips inside an ECU in a foundry as they are silicon. Ever look inside an ECU?

This is a Ford ECU. See all those black things with the shiny silver legs? Those are computer chips. Computer chips are made in foundries.

15 posted on 04/12/2021 6:18:44 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: John W

Just hammering on the obvious: Taiwan makes a lot of chips, and Red China is about to take over that island. That’s going to have a big impact. We’re not going to try and stop it. We’re going to try to adjust to that new reality.


16 posted on 04/12/2021 6:20:14 AM PDT by ClearCase_guy ("I see you did something -- why you so racist?")
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To: central_va

https://en.wikipedia.org/wiki/Semiconductor_fabrication_plant


17 posted on 04/12/2021 6:20:23 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Spktyr

Can your globalist BS. We can and still do make electrons in the USA. I wish globalist FREE TRAITORS™ would die off eventuality and/or shut up in general until then.


18 posted on 04/12/2021 6:24:18 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: John W
Computer chips and some other manufactured materials need rare-earth elements (REE).

Guess what country has almost the entire market on REE.

Guess what country has been prevented by its wacko leftists from mining and producing its own REE for use in its own industries.

19 posted on 04/12/2021 6:29:04 AM PDT by Carl Vehse
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To: central_va

We make *some* electronics in the US, but we don’t have near the capacity needed on semiconductors. Intel just contracted out CPU production out to TSMC of Taiwan because they don’t have any more capacity in the US - not for cost reasons, as TSMC is more expensive than Intel’s in house fabrication facilities.

Also, most “US made” electronic products are reliant on foreign chips.

Waive the idiot regulations first, *then* impose tariffs. Imposing tariffs by themselves won’t do anything but drive prices up.


20 posted on 04/12/2021 6:30:31 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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