The White House convenes a chip summit with major corporations, aiming to restore industry leadership.
2021-06-16
On April 11, executives from several US automakers struggling with chip shortages, along with companies involved in the semiconductor supply chain, attended a "Semiconductor and Supply Chain Resilience CEO Summit" at the White House. Reuters reported that White House officials confirmed the attendance of the three major US automakers: General Motors, Ford, and Chrysler. Executives from semiconductor companies such as GlobalFoundries, NXP, and TSMC were also in attendance. Attendees also included Jake Sullivan, the President's National Security Advisor; Brian Deese, Director of the National Economic Council; and Secretary of Commerce Gina Raimondo. In a statement, Deese said the summit reflected the urgent need to strengthen key supply chains. The summit was primarily prompted by a significant decrease in low-end chip production capacity due to the pandemic, which has greatly impacted chip usage by clients including automakers, engine manufacturers, and medical device manufacturers. As of early April, the three major US automakers had all experienced production line shutdowns to varying degrees due to the chip shortage, and some Japanese automakers' North American factories were also impacted.
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