> White House Weighs in on Semiconductor Shortage

Feb. 2, 2022
Source: Bloomberg News

The Biden administration predicts that a global semiconductor shortage will persist until at least the second half of this year, Bloomberg News reported. Commerce Secretary Gina Raimondo said in January U.S. officials will investigate possible price gouging for chips used by auto and medical device manufacturers. Median inventory for semiconductors has fallen from 40 days to fewer than five days.