White House Holding Chip Summit to Address Semiconductor Issues
The White House plans to hold a summit with the semiconductor industry today, April 12, to address the global semiconductor shortage and other supply chain issues. The meeting will include representatives from 20 major companies, including carmakers General Motors and Ford, chip companies GlobalFoundries and Taiwan Semiconductor Manufacturing Company, and several major technology companies, including Alphabet, Dell Technologies and Intel, the White House said April 9. White House National Security Adviser Jake Sullivan, National Economic Council Director Brian Deese and Commerce Department Secretary Gina Raimondo also will participate.
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Semiconductor Industry Association President John Neuffer said the summit is an “important opportunity” to figure out how to fund investments in domestic semiconductor manufacturing. The meeting will be held as the administration looks to address domestic semiconductor supply issues as part of a February executive order (see 2102240068). Technology companies and trade groups recently warned Commerce about placing overbroad export controls over semiconductors and chip manufacturing equipment and called for more federal incentives for the chip industry (see 2104060045).