Biden to consult with Intel CEO Pat Gelsinger to address supply chain challenges in the semiconductor industry.

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Let’s hope it’s useful.

The Biden administration’s plans to resolve the semiconductor crisis will take another step forwards next week as the president meets with executives from top chipmakers and automakers, including Intel CEO Pat Gelsinger.

The Biden administration declared in February that it would become active in the chip shortage situation, which has had a major effect on the automobile industry, among others. Jen Psaki, White House press secretary, confirmed that the Biden team was  “identifying potential chokepoints in the supply chain and actively working alongside key stakeholders in industry and with our trading partners to do more now.”

According to Reuters, Biden’s team has scheduled a meeting for April 12 to discuss the semiconductor supply chain concerns. Among others scheduled to attend are Biden’s national security advisor, Jake Sullivan, economic adviser Brian Deese, and Intel CEO Ken Gelsinger.

Last week, Biden revealed infrastructure spending plans worth $50 billion for the US semiconductor industry. The funds will be used to fund manufacturing incentives and research and development, including the establishment of a National Semiconductor Technology Center.

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Gelsinger recently announced that Intel would invest $20 billion in two new state-of-the-art fabs in Arizona focusing on EUV-based (extreme ultraviolet) process technologies at 7nm and below. Meanwhile, Global Foundries is expanding its growth spending to $1.5 billion this year.

Because of the worldwide chip scarcity, graphics cards and many other components are virtually difficult to find and cost considerably more than the MSRP. As a result, Asus appears to be increasing the prices of its devices once again, and there are reports that Nvidia will raise the GTX 1650 supply to the desktop market to relieve the pressure.

 

Masthead image credit: U.S. Secretary of Defense

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