White House Weighs Invoking Defense Law to Get Chip Data (1)

Sept. 23, 2021, 10:02 PM

The Biden administration is considering invoking a Cold War-era national security law to force companies in the semiconductor supply chain to provide information on inventory and sales of chips, Commerce Secretary Gina Raimondo said Thursday.

The goal is to alleviate bottlenecks that have idled U.S. car production and caused shortages of consumer electronics and to identify possible hoarding, she said in an interview.

Her team for months has sought clarity into how companies allocate their semiconductor supply. But previous meetings that convened firms from different industrial sectors haven’t led to increased transparency and many companies have refused to hand over ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.