The global shortage in semiconductors has hit the automotive industry especially hard. Whole production lines have been shut down or delayed. President Biden assembled key CEOs from the automotive and semiconductor industries to discuss how to address the short-term crisis and the long-term supply chain issues that have been laid bare.
Intel CEO Pat Gelsinger said that Intel is in talks to produce chips for American automakers within six to nine months, as part of its new Foundry Services initiative. Tom Quillin, Intel senior director for security and trust policy said Intel “sees America at a critical inflection point” regarding semiconductor production – not just for the automotive industry, but for the U.S. tech industry as well.