President Joe Biden signed an executive order on Wednesday directing a sweeping review of the global supply chains used for critical materials -- from semiconductors to rare-earth minerals and pharmaceuticals -- in an effort to increase domestic production and avoid further shortages amid the COVID-19 pandemic.
American and global automakers, as well as other manufacturers, have had to cut production in the face of a growing shortage of semiconductor chips. Supplies began drying up shortly after the coronavirus pandemic hit last year. The Biden administration has been working with industry to free up supplies. Semiconductors — often referred to as simply ‘chips’ — are used…
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