• News
  • Guides
  • Reviews
  • Media
  • About
  • News
  • Guides
  • Reviews
  • Media
  • About
Sign up Now (For Free)

Sign up for our newsletter and receive the latest automotive news in your inbox!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!
News
Read Now
  • All News
  • Automakers
  • Automobiles
  • Auto Shows
  • Business
  • EVs & Environment
  • Guides
  • Lawsuits/Legal
  • Regulatory
  • Ride-Sharing
  • Safety & Recalls
  • Technology
Recent
  • Mazda Turbocharges its Carbon Roster
  • Ford Recalls 125K Vehicles Due to Fire-Causing Engine Failures
  • Honda “At the Crossroads” as it Races to Catch Up with EV Leaders
  • Cyclists, You’re Less Likely to Get Hit by a Subaru
  • Chevrolet Celebrates Camaro with Collector’s Edition
  • Volvo Rides EVs to Big Uptick in May Global Sales
  • Materials Needed for EVs is a Growing Headache
  • GM Investing Over $1 Billion in Two Plants to Roll Out New Heavy-Duty Pickups
  • Week Ahead: New Cars, New EVs and New Tech
  • All-Electric Buzz Debut Conjures Up Tales of VW’s Past
Editor’s Choice
    Reviews
    Read Now
    • All Reviews
      • Feeder
    • Classic Cars
    • Concept Cars
    • Convertibles
    • Coupes
    • Crossovers/CUVs
    • Diesel
    • Hot hatches
    • Hybrids
    • Luxury Vehicles
    • Minivans
    • Muscle Cars
    • Pickups
    • Sedans
    • Sports Cars
    • Super Cars
    • SUVs
    Recent Reviews
    • A Week With: 2023 Volkswagen Golf GTI 2.0 SE
    • A Week With: 2023 Kia Niro SX Touring
    • A Week With: 2023 Alfa Romeo Stelvio Estrema Q4
    • A Week With: 2023 Lexus NX 350h Luxury
    • A Week With: 2023 Volkswagen Tiguan SEL R-Line
    • First Drive: 2024 Toyota Grand Highlander
    • A Week With: 2023 Ford Mustang Mach-E Premium RWD
    • A Week With: 2023 Electrified GV70 AWD Prestige
    • A Week With: 2023 BMW XM
    • A Week With: 2023 Mercedes-Benz GLS 580 4Matic
    Editor’s Choice
      Guides
      Car Warranty
      • Endurance Warranty Reviews
      • BMW Extended Warranty
      • Extended Warranty For Cars Over 100k Miles
      • Extended Car Warranty Cost
      • Subaru Extended Warranty
      • CarShield Reviews
      • CarShield Cost
      • Aftermarket Car Warranty
      • CARCHEX Warranty Reviews
      • Reputable Extended Car Warranty Companies
      • Used Car Warranty Companies
      • Best Car Warranty
      • Is CarShield A Scam?
      • Mercedes Extended Warranty
      • CarShield Plans
      Insurance
      • How To Identify A Car Insurance Company
      • Geico Mechanical Breakdown Insurance
      • How Far Back Does A Car Insurance Company Look
      • Mechanical Breakdown Insurance For Used Cars
      • State Farm Mechanical Breakdown Insurance
      • Mechanical Breakdown Insurance From Progressive
      • Dollar A Day Insurance
      • Auto Insurance For SSI Recipients
      • Car Insurance Rates After A Suspended License
      • Auto Insurance For Salvage Vehicles
      • Average Cost of Dodge Ram 1500 Car Insurance
      • Car Insurance Florida
      • Full Coverage Auto Insurance
      • GrubHub Insurance
      • Amazon Delivery Auto Insurance
      Shipping
      • Car Shipping Companies
      • uShip Reviews
      • Auto Shipping From California To Hawaii
      • Montway Auto Transport Reviews
      • Cheap Car Shipping
      • Easy Auto Ship Reviews
      • Auto Shipping Miami
      • Auto Shipping To Alaska
      • Car Shipping Cost
      • Auto Shipping Hawaii
      • Auto Shipping Puerto Rico
      • Sherpa Auto Transport Reviews
      • Auto Shipping Atlanta
      • Auto Shipping Boston
      • Auto Shipping. Chicago
      About
      • About Us
      • Contact Us
      • Terms of Use
      • Privacy Policy
      • Affiliate Disclosure
      • Sitemap
      TheDetroitBureau.com

      More than just “another” place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. TheDetroitBureau doesn’t stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting.

      Contact Us

      Like what you see? Have some ideas for making The Detroit Bureau.com even better? Let us know, we’d love to hear your voice.

        Media
        Listen Now
        • Headlight News: All Episodes
        More from TheDetroitBureau
        • Guides
        • Latest News
        • Auto Reviews
        • Podcasts
        Headlight News

        TheDetroitBureau.com’s Headlight News offers a look at the past week’s top automotive news stories, as well as what’s coming up in the week ahead. Check out the week’s top story and our latest review…along with a dive into the past with this week in automotive history.

        home > news > Automakers > Biden Meeting Nets Makers Chips from Intel — in Six Months

        Biden Meeting Nets Makers Chips from Intel — in Six Months

        Automakers got some insight about funding and timelines.

        Michael Strong
        Michael Strong , Managing Editor
        April 12, 2021
        Biden talks at Chip CEO summit
        President Joe Biden told a room full of executives he was committed to improving infrastructure in the U.S., including things like semiconductors.

        In a meeting with top automotive and technology executives today, President Joe Biden reaffirmed his commitment to protect the supply chain that produces semiconductors for manufacturers across the U.S.

        General Motors CEO Mary Barra, Ford CEO Jim Farley and Stellantis CEO Carlos Tavares joined 16 other executives at a meeting Monday to provide the Biden administration — including the president himself — with information about what they need now and in the future.

        CEOs from Alphabet, Intel and other executives from Taiwan Semiconductor Manufacturing Co., Samsung, HP and other tech companies also sat in on the meeting during which Biden made his feelings clear about the role semiconductor chips play in the U.S.

        “Chips are batteries, broadband … it’s all infrastructure. We need to build the infrastructure of today and not repair the one of yesterday,” he said at the meeting. “The plan I propose will protect our supply chain and revitalize American manufacturing.”

        The role of the meeting

        Biden waves at CEO Chip Summit
        The president said the meeting gave the administration a chance to hear directly from the companies impacted by the shortage.

        Biden noted his $2.3 trillion infrastructure plan has $50 billion set aside to address bolstering semiconductor production in the near term, i.e. incentivize increased production whether through increased efficiency or the construction of additional capacity.

        Just prior to the meeting, White House Press Secretary Jen Psaki the goal of the meeting was not necessarily to come up with an answer to the ongoing problem, but to “hear directly from companies about the impact and what would help them most through this period of time.

        “So, this isn’t a meeting where we expect a decision or an announcement to come out of, but a part of our ongoing engagement and discussion about how to best address this issue over the longer term, but also over the short term.”

        It’s not just automakers that are impacted, Psaki noted, adding White House National Security Adviser Jake Sullivan would be heavily involved in the meeting because a dearth of semiconductors could have national security ramifications.

        So what did happen?

        Automakers are shifting their existing chip supply around to ensure their most profitable vehicles keep rolling down the line as much as possible.

        Although officials warned to not expect much in terms of immediate help, Intel CEO Pat Gelsinger said the company is talking with the automakers about producing chips for them within six to nine months. Although company officials said last month it would add new capacity and build new factories in the U.S., Gelsinger said the company would get its existing network to provide help sooner for automakers.

        “We’re hoping that some of these things can be alleviated, not requiring a three- or four-year factory build, but maybe six months of new products being certified on some of our existing processes,” Gelsinger said. “We’ve begun those engagements already with some of the key components suppliers.”

        Without naming specific suppliers, he said that the work could take place at Intel’s factories in Oregon, Arizona, New Mexico, Israel or Ireland, Reuters reported.

        Although not as good as getting a surprise load of chips to send to various plants, the automakers did offer the requisite appreciation for being heard.

        “General Motors is grateful for the Biden administration’s support of this critical issue impacting the global auto industry,” the company said in a statement. “We look forward to continuing to work with the Administration and members of Congress to address the global shortage and need for near-term prioritization of automotive semiconductors to help U.S. automotive manufacturing resume normal levels of production. We welcome the support of U.S. automotive manufacturing and the 10.3 million jobs the industry supports.”

        Stellantis offered a similar statement, which read, “We appreciate the Biden Administration’s engagement on a matter of critical importance to the automotive industry. We look forward to continuing to work together to resolve this short-term supply issue, achieve greater supply chain resiliency in the long term and serve our customers as best as we can.”

        How to Care for Your Car

        Cheap Car Warranty

        Editor's Choice

        Best Extended Car Warranty

        Editor's Choice
        Recently Published
        2024 Mazda Carbon Turbo CX-5 model REL

        Mazda Turbocharges its Carbon Roster

        Yesterday
        2022 Ford Maverick Lariat

        Ford Recalls 125K Vehicles Due to Fire-Causing Engine Failures

        Yesterday
        Honda Prologue - teaser

        Honda “At the Crossroads” as it Races to Catch Up with EV Leaders

        Yesterday

        Leave a Reply Cancel reply

        Your email address will not be published. Required fields are marked *

        Share this article:
        © The Detroit Bureau 2023
        • Guides
        • Privacy Policy
        • Terms of Use
        • Affiliate Disclosure
        • Contact Us
        • Sitemap
        Follow Us: