Wednesday, October 27

US Commerce chief:’Aggressive’ action on chips shortage needed


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WASHINGTON — US Commerce Secretary Gina Raimondo said Thursday it is time to get “aggressive” in addressing the worsening semiconductor chips shortage that has caused automakers and others to cut production and impacted thousands of US workers.

“It’s time to get more aggressive. The situation is not getting better, in some ways it is getting worse,” Raimondo told Reuters in an interview. She said a voluntary request for information issued on chips to industry this week “will give us more information about the supply chain, and the goal is to increase transparency so we can try to identify where the bottlenecks (are) and then predict challenges.” (Reporting by David Shepardson; Editing by Leslie Adler)



financialpost.com