US Commerce Sec says US is considering using a Cold War-era national security law to force semiconductor companies to provide information on inventory and sales
The U.S. government, meanwhile, is so concerned about disruptions in chip supplies that they're trying to find out whether there's any hoarding going on. They clearly want a quicker fix to the problem that's weighing on car, aircraft & other production. https://www.bloomberg.com/…
The Biden administration is considering invoking the Defense Production Act to force companies in the semiconductor supply chain to provide data on inventory and sales https://www.bloomberg.com/... via @bpolitics
The admin. has requested this info so it can figure out what's behind the persisting bottlenecks but businesses remain reluctant. Raimondo said “there's allegations of certain consuming companies buying two or three times what they need and stockpiling.” https://www.bloomberg.com…
Biden considering using Defense Production Act to force companies in the semiconductor supply chain to provide certain info. “I don't want to have to do anything compulsory but if they don't comply they'll leave me no choice,” @SecRaimondo told @jendeben. https://www.bloomberg.co…