President Joe Biden holds a chip as he speaks previous to signing an government order geared toward addressing a worldwide semiconductor scarcity, within the State Eating Room on the White Home in Washington, U.S., February 24, 2021.

Jonathan Ernst | Reuters

Chief executives from firms together with Google father or mother Alphabet, AT&T, Intel and Common Motors are set to take part in a White Home digital summit on Monday addressing the worldwide semiconductor scarcity.

The summit comes because the Biden administration embarks on a assessment of key U.S. provide chains, together with these for semiconductors, high-capacity batteries, medical provides and uncommon earth metals. The scarcity of pc chips has implications for a variety of industries, from producers of electrical autos to medical provides.

Car producers like GM and Ford just lately needed to reduce manufacturing estimates or lengthen downtime to cope with the scarcity. The availability chain was initially compromised early within the Covid pandemic since a big portion of the world’s chips are manufactured in Asia, the place the disaster first hit.

U.S. officers and lawmakers have underscored the potential safety implications of the nation’s reliance on different international locations for semiconductors. Senate Majority Chief Chuck Schumer, D-N.Y., mentioned in February that “semiconductor manufacturing is a harmful weak spot in our economic system and in our nationwide safety.”

As a matter of each financial and nationwide safety, the availability chain evaluation outlined by Biden’s government order from February seeks to test the “resiliency and capability of the American manufacturing provide chains and protection industrial base to help nationwide safety [and] emergency preparedness.”

The White Home has additionally mentioned it seeks to assessment gaps in home manufacturing and provide chains which might be dominated by or run by way of “nations which might be or are prone to change into unfriendly or unstable.”

Although the White Home’s assessment doesn’t point out China explicitly, the directive is probably going largely an effort by the administration to find out how reliant the U.S. economic system and army are on a crucial group of Chinese language exports.

The digital summit shall be hosted by Nationwide Safety Advisor Jake Sullivan and NEC Director Brian Deese, joined by Secretary of Commerce Gina Raimondo, based on the White Home. Members will focus on Biden’s American Jobs Plan and methods to strengthen the U.S. provide chain for semiconductors, based on the White Home.

Right here is the complete checklist of firms whose executives are set to take part within the summit:

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