Connect with us

Hi, what are you looking for?

Hasepoyo

Tech

Car Makers to Get No Special Treatment in Chip Shortage, Commerce Secretary Says      


WASHINGTON—Commerce Secretary Gina Raimondo said she is looking for ways to help auto makers amid a global semiconductor shortage but won’t give priority to them over other chip users, as the industry presses the Biden administration for assistance.

Ms. Raimondo—who held meetings Thursday with about three dozen stakeholders, including executives from Ford Motor Co. and General Motors as well as technology companies and chip suppliers—said in an interview that there are no easy solutions to the problem that has caused a major American industry to halt assembly lines.

“They are really struggling,” Ms. Raimondo said of auto makers. But she cited other chip users dealing with the crunch, including electronics and medical-device makers. Ms. Raimondo said while she is making the case for the auto industry, she is not calling for it to get special treatment. “I would not favor that approach; I have not been doing that,” she said.

A global shortage of chips is hitting everything from appliances to laptops. Microsoft Corp. and Apple Inc. are among an array of tech companies that have seen sales slump because of the crunch, which intensified after people rushed to buy electronics of all kinds during the pandemic.

The automotive industry was among the first to suffer significant production setbacks from the shortage late last year, and it has lobbied the Biden administration to help it secure chips.



Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

U.S.

The leader of a small hard-line party says he will try to form a unity government with Prime Minister Benjamin Netanyahu’s opponents. Sunday’s...

Tech

The woman who led the design of Bumble’s dating app in the run-up to the company’s February initial public offering is joining Twitter Inc.,...

Tech

Video platform Rumble said it is receiving an investment from a group of prominent conservative venture capitalists including Peter Thiel and “Hillbilly Elegy” author...

U.S.

The Conservatives deleted a tweet on Thursday that leader Erin O’Toole has said was “detracting” from important conversations about the COVID-19 vaccine rollout...

Copyright © 2020 ZoxPress Theme. Theme by MVP Themes, powered by WordPress.