Biden Team Sees Chip Supply Gains, Relief Soon for Carmakers
- Raimondo says auto CEOs told her supply is ‘little bit better’
- But Ford, GM continue to idle North American production
Photographer: Yen Duong/Bloomberg
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Biden administration officials say they’re starting to see signs of relief for the global semiconductor supply shortage, including commitments from manufacturers to make more automotive-grade chips for car companies that have had to idle production.
U.S. Commerce Secretary Gina Raimondo, who has led President Joe Biden’s efforts on chip supply, has brokered a series of meetings between semiconductor manufacturers, their suppliers, and their customers including automakers. Senior administration officials said the meetings helped ease mistrust between the sides related to the chipmakers’ production and allocation and automakers’ orders.