Executive Order Clears Path to $37 Billion Chip Investment

President Biden on Wednesday signed, as expected, an executive order that paves the way for allocation of $37 billion federal government investment to address the chip supply shortfall. Industry reaction has been positive with both the Semiconductor Industry Association (SIA) and the Information Technology and Innovation Foundation (ITIF) immediately issuing statements showing relief that the…

Electronics Industry Welcomes Supply Chain Review

Unsurprisingly, the electronics industry is reacting favorably to President Biden’s executive order to review critical U.S. supply chains. The Covid-19 pandemic exposed the United States’ dependence on foreign supplies including semiconductors and materials used in PPE, medical tests and pharmaceuticals. Reliance on foreign sources is not a new issue in electronics but tariffs, the China-U.S.…