The Biden administration is working to help address global semiconductor chip shortage – Chaim Gartenberg

Intel Skylake chip shots
Photo: Intel

The White House has pledged to help address the ongoing global semiconductor shortage, with President Joe Biden said to be signing an executive order to conduct a supply chain review along with developing a long-term strategy to avoid future shortages, via Bloomberg.

The cause of the current shortage is due to a mixture of factors: spikes in demand for consumer electronic products like laptops due to changes in lifestyle caused by the COVID-19 pandemic; slowdowns in chip production also caused by the pandemic; a business model in the semiconductor industry that sees most companies outsource chip production to firms like Taiwan Semiconductor Manufacturing Company (TSMC) instead of building the parts themselves; and lingering effects from…

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