MICROCHIPS
Coverage of microchip supply shortages in the auto industry.
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The tech giant will open its existing factory network to auto chip companies to provide more immediate help with the ongoing shortage, CEO Pat Gelsinger told White House officials Monday.
President Biden said he will urge Congress to invest $50 billion in semiconductor manufacturing and research, but the Monday meeting was not expected to immediately lead to a decision or announcement about what to do about chip shortages.
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The automaker’s North American production was hammered harder than that of its rivals last week.
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