Group seeks to address the shortages and the impact on the auto industry.
The Department of Commerce hosted a roundtable discussion on the current semiconductor shortage and its impacts on the auto industry on Monday. Commerce Secretary Gina Raimondo hosted members of Congress as well as industry leaders to address the best path forward to limit the challenges for automakers in Michigan.
Secretary Raimondo expressed that the United States needed to increase its local production of semiconductors to keep pace with demand. “The United States accounts for only 12% of global production and produces zero percent of the most advanced chips,” said Secretary Raimondo. “If we are serious about increasing American competitiveness, protecting our national security, and hitting President Biden’s electric vehicle goals, it is imperative that we reinvest in this critical industry and ensure that more chips are made here at home.”
As the Lord Leads, Pray with Us…
- For God to guide the commerce department to make the United States a great place to do business.
- For God to help Secretary Raimondo to lead the Commerce Department well.
- That the Lord would give President Biden wisdom on how to address the current chip shortage.
Sources: Department of Commerce
