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Commerce chief says U.S. could help boost chips transparency

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Reuters

By David Shepardson WASHINGTON (Reuters) -U.S. Commerce Secretary Gina Raimondo said Thursday she held meetings with three dozen senior industry leaders on a semiconductor chip shortage and said the United States could help boost transparency in the market. The meeting included General Motors Co, Ford Motor Co, Stellantis NV, chip suppliers and other users of chips. Raimondo and the Biden administration back $50 billion in U.S. government spending to dramatically boost U.S. semiconductor production and research, but it will take significant time for that spending – if approved by Congress – to…

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