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White House Weighs Invoking Defense Law to Get Chip Data

  • Biden administration seeks inventory, sales information
  • Goal is to prevent stockpiling, ease supply chain bottlenecks
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WATCH: The U.S. government is considering invoking a Cold War-era national security law to force companies in the semiconductor supply chain to provide information on inventory and sales of chips. Justin Sink reports.(Source: Bloomberg)
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The Biden administration is considering invoking a Cold War-era national security law to force companies in the semiconductor supply chain to provide information on inventory and sales of chips, Commerce Secretary Gina Raimondo said Thursday.

The goal is to alleviate bottlenecks that have idled U.S. car production and caused shortages of consumer electronics and to identify possible hoarding, she said in an interview.