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 ...
Hey, tell that to central_va up there. :P
Are you able to discuss your point of view without name-calling?
Hmm. No.
I don’t see a shortage chips. I was at two different supermarkets and they both have a full aisle dedicated to chips. They are all well stocked.
Biden will announce 3 order of magnitude increase in chip production from Chinese “our partners’ when they take control of Taiwan next week an the PLA runs the fabs ..
My previous post was translated from the original Mandarin ..
But seriously, folks.... The reason we can’t make more chips here is not because they can’t build the factories, it has to do with CFC’s. We know of them as refrigerants but they are essential in the manufacture of microelectronics. They were once used as propellants in hair spray and underarm deodorant. Then they were thought to have an adverse effect on the ozone layer of the upper atmosphere so they were banned for that purpose. They have been phased out for years as refrigerants. In retrospect there is no evidence that they actually harm the ozone layer but it is too late now. Meanwhile China has no concern about ozone layers.
That we can’t extract due to idiot enviro laws. Again - how would imposing tariffs bring production back to the US when enviro laws prevent that?
That article was written 06/04/19. The Biden Admin has since reimposed all the regs that the Trump Admin had waived to get REE exploitation restarted.
Pretty much the same thing. You can build the buildings, but you can’t make the chips in them due to the enviro regs, of which CFCs are just a part.
Did you miss that TSM and Intel are spending big in AZ?
Sounds like somebodies about to receive some blank checks from crazy Biden.
Big Tech hardware bailout - bump for later....
Does K stand for Karen ?
Yep go ahead and buy those PRC Chips aholes!
Interesting free people trading for goods and services, make you sick. But government attempting to take over yet another section of the economy is OK with you. Trying to imagine how much of a price premium people would be willing to pay for a 90% sourced and assembled auto? Pickup trucks already running over 50Gs, think maybe 75G for a America first truck? Think that would increase costs for all the small business that use trucks?
WHEW. Biden is on the case. He is surrounded by the best and brightest bureaucrats who have only worked in government their entire lives. Sounds like a good time for a Five Year Plan.
Feel free to start up your own chip manufacturing plant. If something is that easy and profitable there is no reason you can’t make fortunes doing it.
I don’t have to. Tariffs will do that job for me. I am patriot and want to repatriate industry to her USA. We all should
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