Biden to press for $37bn to boost chip manufacturing amid shortfall ...Qatar

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Biden to press for $37bn to boost chip manufacturing amid shortfall
source : Gulf Times ( Qatar ) () 9
US President Joe Biden said he would seek $37bn in funding for legislation to supercharge chip manufacturing in the United States as a shortfall of semiconductors has forced US automakers and other manufacturers to cut production. Biden also signed an executive order aimed at addressing the global semiconductor chip shortage that has alarmed the White House and members of Congress, administration officials said. The scarcity, exacerbated by the pandemic, was also the subject of a discussion between Biden and a bipartisan group of US lawmakers at the White House on Wednesday. “I’m directing senior officials in my administration to work with industrial leaders to identify solutions to the sem

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