Biden Team Sees Chip Supply Gains, Relief Soon for Carmakers

SourceYahoo News
SectorEconomy
CountryMiddle east

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(Bloomberg) — Biden administration officials say they’re starting to see signs of relief for the global semiconductor supply shortage, including commitments from manufacturers to make more automotive-grade chips for car companies that have had to idle production.

U.S. Commerce Secretary Gina Raimondo, who has led President Joe Biden’s efforts on chip supply, has brokered a series of meetings between semiconductor manufacturers, their suppliers, and their customers including automakers. Senior administration...read more...