Day: April 13, 2021

Global chip shortage on agenda as White House convenes US CEOs | Automotive Industry News

The White House is convening top executives from nearly 20 major firms on Monday to discuss a global semiconductor shortage that has disrupted production in the US auto and tech sectors.

Senior White House officials will meet on Monday with top executives from nearly 20 major companies in the United States to discuss a global semiconductor shortage that has roiled the automotive industry and technology firms.

The White House meeting is billed as the “CEO Summit on Semiconductor and Supply Chain Resilience” and will include White House National Security Advisor Jake Sullivan and National Economic Council Director Brian Deese.

As of midday Friday, 19 major companies had agreed to send executives, including General Motors Chief Executive Mary Barra, Ford Motor Chief Executive Jim Farley and Chrysler-parent Stellantis NV CEO Carlos Tavares.

Deese said in a statement that the “summit reflects the urgent need to strengthen critical supply chains”.

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