Chip order inbound

President Biden will soon sign an executive order to address the shortage of semiconductors, or chips, an issue that industry has recently begged him to take action on.

“The administration is currently identifying potential chokepoints in the supply chain and actively working alongside key stakeholders in industry and with our trading partners to do more now,” White House press secretary Jen Psaki told reporters on Thursday. “At the same time, we are looking down the road, the long-standing issue with short supply of semiconductors … is one of the central motivations for the executive order the president will sign.”

The announcement comes as multiple industries are facing a crippling shortage of chips, and the same day that a coalition of leading semiconductor groups urged Biden to take action to fund chip research and manufacturing.