Biden considering Defense Production Act to address semiconductor chip shortage: report | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Biden considering Defense Production Act to address semiconductor chip shortage: report

The Biden administration says it is considering using the Defense Production Act as a remedy to address the ongoing shortage of semiconductor chips in the U.S., and have reportedly already threatened companies with the prospect.

Commerce Secretary Gina Raimondo told Bloomberg on Thursday she has warned industry leaders that the DPA is on the table, claiming businesses are not cooperating with the agency's requests for their data regarding supply chains.

"What I told them is, ‘I don’t want to have to do anything compulsory but if they don’t comply, then they’ll leave me no choice,’" Raimondo told the outlet. "I said today we’re evaluating all of our options right now, all the tools. I hope not to go there but we need to see some progress and we definitely need compliance."

Also on Thursday, the White House released a briefing on the semiconductor shortage and ways the administration is trying to address the issue.

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