U.S. Auto Industry Calls on Government for Help and Intel Invests on New Factories
The Alliance for Auto Innovation Group urged the government to help as it warned the global semiconductor shortage could result in 1.28 million fewer vehicles built this year and disrupt production for another six months. They state that the U.S. Commerce Department should dedicate a portion of funding in a proposed bill to expand U.S. semiconductor production to auto sector needs. The group said the U.S. government could specify “a particular percentage – that is reasonably based on the projected needs of the auto industry – be allocated for facilities that will support the production of auto grade chips in some manner.”
Intel Corp. CEO Pat Gelsinger will virtually attend a meeting being put together by President Joe Biden’s administration for April 12th to discuss the semiconductor supply chain issues disrupting U.S. automotive factories. Gelsinger last month said Intel will spend $20 billion to build two new chip factories in Arizona.