Enlarge / President Joe Biden signing a different executive order on January 28, 2021. (credit: Mandel Ngan | AFP | Getty Images)
The White House is launching an effort today to ease a global semiconductor supply crunch affecting a wide array of other industries, but any boost the administration can provide is likely to be on the far side of many more months of shortages.
President Joe Biden plans to sign an executive order this afternoon for “securing America’s critical supply chains.” The order will address several challenges in the US supply chain, according to a fact sheet from the White House, with a particular focus on pharmaceuticals, mineral resources, semiconductors, and large-capacity batteries.
The order is a sort of combination of all politicians’ favorite rallying cry—”more American jobs”—and an acknowledgement that shortages and production challenges in critical supply chains really have had a profound effect on the nation, especially in the past year. It calls for an immediate 100-day review that will “identify near-term steps the administration can take, including with Congress” to identify where the vulnerabilities in these supply chains are and what regulators or legislators can do to increase US manufacturing of these critical components.
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