President Joe Biden signs executive order to streamline chip supply chain

President Joe Biden signed an executive order Wednesday meant to address a global chip shortage impacting industries ranging from medical supplies to electric vehicles.

The order includes a 100-day review of key products including semiconductors and advanced batteries used in electric vehicles, followed by a broader, long-term review of six sectors of the economy. The long-term review will allow for policy recommendations to strengthen supply chains, with the goal of quickly implementing the suggestions, Biden said at a press event Wednesday before he signed the order.

The action follows calls from bipartisan members of Congress and industry leaders warning about the potential consequences of the shortage. Commonly known as chips, semiconductors are used to power electronics including phones, electric vehicles and even some medical supplies. Senate Majority Leader Chuck Schumer, D-N.Y., said that “semiconductor manufacturing is a dangerous weak spot in our economy and in our national security.”

Biden met with a bipartisan group of lawmakers Wednesday to discuss the shortage and said it was “very productive.” He praised the cooperative nature of the meeting, saying, “it’s like the old days, people actually were on the same page.”

The semiconductor supply chain had taken a hit early in the Covid pandemic since much of the world’s chips are manufactured in places like China and Taiwan. The health crisis has underscored issues with U.S. reliance on supply chains abroad in many areas, and the semiconductor industry is no different. According to the Semiconductor Industry Association, a coalition backed by several chipmakers, the U.S. only accounts for about 12.5% of semiconductor manufacturing.

The shortage has already impacted several companies. Ford said earlier this month that reduced estimates from suppliers could mean losing up to a 20% of its expected first-quarter production. General Motors said earlier this month that it would extend downtime at several production plants due to the shortage and would “reassess in mid-March.” On Wednesday, ahead of the executive order announcement, however, GM CFO Paul Jacobson said the worst of the chip shortage may actually be over already.

In a letter to Biden last week, several industry associations including SIA, the Advanced Medical Technology Association and the Motor & Equipment Manufacturers Association wrote that the U.S. should incentivize new semiconductor manufacturing plants to be established in the country to compete effectively with other nations that have invested in chip production.

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[maritestenorio]

God in heaven will protect us from all evil plans

[yukoissmol]

I'd rather escape and live in the forest, than be controlled and let them implant that into me, or get poison into my body! I will never give up on God, we all have to keep our Faith, NEVER give up and you will be rewarded. Pray every day, ask Him to forgive you for your sins, and keep strong till the end! If we are togeter we ars stronger, don't let them get your Belief away from you!!!

[julioguzman]

Does this include the RFID chip they will attempt to implant in us.

[regrob]

Seems a bit odd that it was necessary to sign an executive order for computer chips. His explanation made absolutely no sense at all. My guess is that this is part of a much larger plan for this technology.

[jessebaker]

Mark of the beast is a huge NO NO 😂 Everyone knows that Joe.. lol

[hescomingsoon]

Like the good ol days, people are on the same page. So sad that more people can't recognize evil

[sheshahayat]

Conspiracy theorists, were Right all along 😔😔😔

[ceus]

"And though the forest was shrinking, the trees kept voting for the axe, for the axe was clever and convinced the trees that since it's handle was made of wood, it was one of them!"

[dudleymilbin]

we all know what your trying to do joe. keep your micro chips

[aliciatorres]

Lord lord lord protect us from the mark of the beast 🙏🏼😩

[aliciatorres]

Pretty soon chips in hands, government control.

[aliciatorres]

Lord ! Lord ! Protect us from the mark of the beast.🥲

[cindysaunders]

He's only trying to gain back people's trust, but you can't take away evil from someone's soul

[majaradovic]

The devil's chip, when he comes, will introduce himself as Jesus, that everyone will go to hell, the devil's thing, don't take this

[Mallymoore]

Don't know what it is about this man. But my gut tells me. He doesn't have American interest at heart.. I hope I'm wrong. But I always go on instinct.

[Marlen-CruzCommercial_]

He’s so excited about the mark aka chip. I believe it was Revelations that warns about this.

[tammymisiowiec]

Father in heaven I pray for Biden please send him angels to show him his eternal home if he does not repent changing his decisions corrupted by evil. Please lord put ur hand on him and show him your love and mercy in your son Jesus name amen

[GAS.MASK]

A long time ago he was in court arguing with someone if chipping people was humane

[barrettl]

What about the insulin supply chain joe it was 60 dollars the day before you were elected now its 400..

[adolphusbruce]

Computer chip🤷🏾they trying to work on the mark of the beast now 🤷🏾