Biden administration officials are reportedly working on addressing the growing shortage of semiconductor chips impacting auto production around the globe. According to White House Press Secretary Jen Psaki, the Biden administration is “currently identifying potential chokepoints in the supply chain and actively working alongside key stakeholders in industry and with our trading partners to do more now.” For General Motors, the issue could cut into $2 billion of its 2021 profit. (Source: Reuters) Read the original article…
