Biden to order review of supply chain for semiconductors, critical resourcesFebruary 24, 2021
Presidentis set to sign on Wednesday an executive order intended to improve the supply chain for semiconductor chips and other critical resources. The order will launch a 100-day review of supply chains across four key industries: semiconductors, critical minerals, pharmaceuticals and large capacity-batteries for electric vehicles. The review aims to identify near-term steps the administration can take, including working with lawmakers in Congress, to mitigate supply chain risks, according to the White House.
The US has felt the impact of global chip shortages, with some automakers reportedly halting production in the US due to a lack of chips that help control everything from engines to air bags. The White House also highlighted the for frontline health care workers at the start of the .
The order will also call for a longer, more in-depth review of a broader range of supply chains that are critical for the US, including in defense, public health and energy sectors.
Biden is set to meet with lawmakers Wednesday afternoon to discuss the US supply chain before signing the executive order, according to the White House.