JOE BIDEN ORDERS INVESTIGATION INTO SEMICONDUCTOR SHORTAGE HITTING CONSOLE PRODUCTION
US President Joe Biden has ordered an investigation into the supply chains of Critical and essential goods such as semi-conductors – which are needed for manufacturing consoles.
The executive order, signed by the president on Wednesday, launches a 100-day review to address vulnerabilities in the supply chains of four key products.
The four categories include pharmaceuticals, critical minerals, semiconductors, and large capacity batteries such as those used in electric vehicles.
The share of global semiconductor manufacturing capacity in the US has fallen from 37 percent in 1990 to 12 percent today, according to the Semiconductor Industry Association.
The organisation, which recently called on the Biden administration to offer “substantial funding for incentives for semiconductor manufacturing”, welcomed the signing of the executive order on Wednesday.
