White House Pushes Companies to Be Transparent on Chips Supply
- U.S. establishes new alert system for Covid-related shutdowns
- Many companies are wary of sharing supply, demand information
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The Biden administration is pressuring companies involved in the semiconductor supply chain to be more transparent as the global chips shortage continues to wreak havoc across many industries, officials said.
Commerce Secretary Gina Raimondo and National Economic Council Director Brian Deese will convene several companies Thursday to discuss how to respond more rapidly to shutdowns around the world, brought about by the spread of the coronavirus, and what comes next for legislation to finance domestic manufacturing that’s lingered on Capitol Hill for months.