Lack of global chip on agenda as White House calls on US CEOs | Automotive Industry News

On Monday, the White House summoned top officials from about 20 major corporations to discuss global semiconductor deficits that have hampered production in the U.S. automotive and technology sectors.

Senior White House officials will meet Monday with top officials from about 20 major companies in the United States to discuss the global semiconductor deficit that has spread to the automotive industry and technology companies.

The White House meeting is billed as the “Summit of CEOs of Semiconductor and Supply Chain Lucilians,” and will include White House National Security Adviser Jack Sullivan and National Economic Council Director Brian Diz.

As of noon on Friday, 19 major companies had agreed to send executives, including General Motors chief executive Mary Barra, Ford Motors chief executive Jim Farley and Chrysler-parent Stellantis NVI chief executive Carlos Tavares.

“The summit reflects the urgent need to strengthen critical supply chains,” Diss said in a statement.

Gina Raymondo, Commerce Secretary, also from GlobalFoundies, Packer, NXP Semiconductor, Taiwan Semiconductor Manufacturing Company, AT&T, Samsung, Google Parent Alphabet, Dell Technologies, Intel Corp., Medtronic, Northeastern. Technology.

An auto industry group in the United States this week called on the government to help and warned that the global semiconductor deficit could disrupt production by 1.22 million fewer vehicles this year and for another six months.

Towards the end of the weekend, GM canceled more truck production shifts at two U.S. plants.

Sullivan said in a statement, “Trying to resolve supply chains on a crisis-by-crisis basis creates a national security crisis complication.”

Automakers were particularly hit hard by global chip shortages after many cancellation orders while auto plants were idle during the coronavirus epidemic.

When they were ready to reconsider production, they found that chipmakers were busy fulfilling orders in the consumer electronics industry as people spent more time at home working and leisure – both seeing the demand for premium devices.

Broadband Internet, mobile phone and cable TV companies are also “facing delays in receiving network switches, routers and servers … The crisis in semiconductor companies and related delays will affect the broadband and cable television industry by millions of dollars this year,” an industry group said this week. .

President Joe Biden wants at least 100 100 billion to boost American semiconductor production and invest funds to support the production of critical products, but officials said the funds would not meet short-term chip demand.

This weekend, the Senate Committee on Trade, Science and Transportation will hold its first hearing on bilateral steps to step up technology research and development efforts aimed at tackling Chinese competition.

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