US Ready To Release Details Of Study On Chip Shortage Amid Funding Pressure – By ASC

Carmakers and chipmakers have warned that supply shortages could last until at least 2023.

The U.S. Department of Commerce is expected to soon release details from a semiconductor chip study it conducted last year amid pressure to win funding to boost U.S. manufacturing from Congress. In September, the department asked semiconductor chip manufacturers and other companies in the supply chain to submit data voluntarily amid a chip shortage that has hampered car production around the world.

The department said it received cooperation but has yet to release details. Carmakers and chipmakers have warned that supply shortages could last until at least 2023.

On Monday, the Commerce Department asked for input on potential program planning to provide incentives to government investment in semiconductor manufacturing and research.

“The United States faces both an immediate supply shortage that drives up prices and a long-term threat to the security of the American economy and nation if we do not increase domestic chip supply,” Commerce Secretary Gina Raimondo said Monday.

Chrysler parent Stellantis said on Friday it stopped production this week at its Windsor Assembly Plant in Ontario where it built mini vans due to a lack of chips.

House Democrats are expected as early as this week to introduce legislation aimed at boosting U.S. competitiveness with China and spending $ 52 billion on semiconductor production and research, a source told Reuters, after the Senate approved funding in June.

U.S. House Speaker Nancy Pelosi last week said the bill would come “soon” and a vote on the House floor is expected in February, the source said.

Biden has urged Congress to approve more funds to increase chip production in the United States because the lack of key components used in cars and computers has exacerbated supply chain congestion.

On Friday, Intel announced it plans to invest $ 20 billion and build two new chip plants in Ohio, while Samsung Electronics in November chose Taylor, Texas for a new $ 17 billion plant to make advanced chips.

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(This story has not been edited by NDTV staff and is automatically generated from a syndicated feed.)

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