USA decided to save the entire semiconductor industry

USA decided to save the entire semiconductor industry

According to Bloomberg, new US President Joe Biden is planning several “aggressive moves” to reduce the global semiconductor shortage. The US President will sign an executive order in the coming weeks to conduct a nationwide audit of the supply chain for critical goods, with a chip shortage at the center of the investigation. The new administration is said to be prioritizing “identifying bottlenecks in supply chains” to reduce the current deficit.

Another aspect that the US administration pays attention to is the creation of new incentives that will make chip manufacturers want to open their production in the United States. All leading representatives of the chip industry, including Intel and Qualcomm, have urged the US government to fund such initiatives.

Since January this year, the global technology industry has been plagued by an unprecedented shortage of semiconductor products. It has been argued that the deficit is related to the actions of former US President Donald Trump against Chinese companies, in particular SMIC.

The auto industry has been hit hard and some companies have been forced to close their assembly lines. Apart from the automotive sector, this also affects the gaming industry. Sony has confirmed that it cannot supply enough Sony PlayStation 5 consoles due to a lack of components.

USA decided to save the entire semiconductor industry

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