WASHINGTON—Top Biden administration officials will meet with senior executives of Ford Motor Co., General Motors Co. , Intel Corp. , Alphabet Inc. and others to address the global chip shortage that has hobbled auto manufacturing and other industries.
The White House wants to use Monday’s gathering as a platform for selling President Biden’s $2.3 trillion infrastructure proposal, which is facing opposition from Republicans and the business community given that it relies on increasing the corporate tax rate.
The plan includes $50 billion for the American semiconductor industry, to help with factory building and research and design.
National security adviser Jake Sullivan will be among the participants, reflecting the strategic importance of semiconductors and longer term concerns about waning U.S. dominance in the industry.
