The Biden administration has concluded that a global semiconductor shortage will persist until at least the second half of this year, promising long-term strain on a range of U.S. businesses, including automakers and the consumer electronics industry.
U.S. officials plan to investigate claims of possible price gouging for chips used by auto and medical device makers, Commerce Secretary Gina Raimondo said Jan. 25.
“We aren’t even close to being out of the woods as it relates to the supply problems with semiconductors,” Raimondo said in a briefing with reporters discussing the findings of an industry report her agency conducted that was released Jan. 25.
