US commerce secretary invites Samsung, TSMC to meeting on chip shortage

May 12, 2021, 08:24 am

print page small font big font

facebook share

tweet share

The U.S. Department of Commerce will hold a meeting on global semiconductor shortage with semiconductor manufacturers and U.S. automakers on May 20, Bloomberg News reported Monday. The image shows U.S. President Joe Biden holding up a wafer of semiconductor while speaking in a virtual meeting with 19 global companies at the White House in Washington on April 12, 2021./ Source: Washington D.C. AP=Yonhap News

Washington correspondent Ha Man-joo 

The U.S. Department of Commerce will hold a meeting on global semiconductor shortage with semiconductor manufacturers and U.S. automakers on May 20, Bloomberg News reported Monday.

Bloomberg reported that U.S. Commerce Secretary Gina Raimondo plans a virtual summit with companies impacted by the global semiconductor shortage, including the largest chip manufacturers and U.S. automakers, citing people familiar with the plans. 

Since the meeting will be held a day before a summit between President Moon Jae-in and U.S. President Joe Biden at the White House, the two leaders are likely to discuss the establishment of a stable semiconductor supply chain at their first face-to-face summit. 

Companies invited to the summit include Samsung Electronics, Taiwan Semiconductor Manufacturing Co. (TSMC), Intel, Google, Amazon.com, General Motors and Ford Motor, according to Bloomberg. The companies that participated in a recent meeting hosted by the U.S. president on semiconductor supply chain issues are expected to be in attendance at the meeting with Raimondo.

The recent meeting presided by Biden was attended by 19 suppliers and consumers of chips, including Samsung Electronics, TSMC, HP, Intel, Micron, Ford and GM.

The U.S. Commerce Department said in an invitation sent to companies that it aims to create and maintain “an open dialogue around semiconductors and supply chain matters.”

Besides, the U.S. Commerce Department staff are set to meet this week with company representatives to craft the agenda for the Raimondo meeting, Bloomberg said.

Previously, Raimondo had a meeting with Joe Biden and other members of the cabinet on May 7, and said, “We’re in constant contact with the auto companies, the semiconductor companies, we’re going to try to do what we can to ease the shortage short-term but in the long run the solution is to be less reliant on China and Taiwan and making more chips in America.”

On March 31, U.S. President Joe Biden announced $2.3 trillion infrastructure investment plan and allocated $50 billion in semiconductor research and development funding. 

#US commerce #Gina Raimondo #Samsung Electronics #TSMC #chip shortage 
Copyright by Asiatoday