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2021-09-24

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White House weighs invoking defence law to get chip data

WASHINGTON (BLOOMBERG) - The Biden administration is considering invoking a Cold War-era national se

White House weighs invoking defence law to get chip data

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhite House weighs invoking defence law to get chip data\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-24 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/world/united-states/white-house-weighs-invoking-defence-law-to-get-chip-data><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WASHINGTON (BLOOMBERG) - The Biden administration is considering invoking a Cold War-era national security law to force companies in the semiconductor supply chain to provide information on inventory ...</p>\n\n<a href=\"http://www.straitstimes.com/world/united-states/white-house-weighs-invoking-defence-law-to-get-chip-data\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"http://www.straitstimes.com/world/united-states/white-house-weighs-invoking-defence-law-to-get-chip-data","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2169996686","content_text":"WASHINGTON (BLOOMBERG) - The Biden administration is considering invoking a Cold War-era national security law to force companies in the semiconductor supply chain to provide information on inventory and sales of chips, Commerce Secretary Gina Raimondo said Thursday (Sept 23).\nThe goal is to alleviate bottlenecks that have idled US car production and caused shortages of consumer electronics and to identify possible hoarding, she said in an interview.\nHer team for months has sought clarity into how companies allocate their semiconductor supply. But previous meetings that convened firms from different industrial sectors haven't led to increased transparency and many companies have refused to hand over business data to the government.\nThe Commerce Department is now asking companies to fill out questionnaires within 45 days providing supply chain information.\nThe request is voluntary but Raimondo said she warned industry representatives that she might invoke the Defence Production Act or other tools to force their hands if they don't respond.\n\"What I told them is, 'I don't want to have to do anything compulsory but if they don't comply, then they'll leave me no choice,'\" she said. \"I said today we're evaluating all of our options right now, all the tools. I hope not to go there but we need to see some progress and we definitely need compliance.\"\nThe production act gives the president broad authority to direct industrial production in crises. The Trump and Biden administrations each invoked it to hasten the production and distribution of coronavirus vaccines and other pandemic-related medical supplies.\nIt isn't clear precisely how Raimondo might use the law to obtain information from semiconductor manufacturers or their customers, and she didn't name any specific companies.\nA global shortage of chips that power everything from laptops to automobiles has continued to affect production in many industries, and finding medium- and long-term solutions has been a priority since President Joe Biden took office.\nUS officials have repeatedly emphasized that the private sector must step up and provide more transparency if the government is to successfully address the shortage.\nThe Commerce chief and National Economic Council Director Brian Deese held meetings with companies Thursday to stress that point again. Raimondo said the first session \"went very well\" and participants were \"extremely constructive.\"\nThe information request - and potential enforcement through DPA or other means - is necessary because there's a lack of trust among companies in the supply chain, she said.\n\"There's allegations of certain consuming companies buying two or three times what they need and stockpiling,\" Raimondo said. \"So suppliers say, 'We can't get a handle on an accurate demand signal because consumers are stockpiling, so we don't know what the accurate demand is.' Some consumers are saying 'We can't get straight answers from suppliers, how come I was told I could have X and now I'm being told I can only have half of X?'\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":1053,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

White House weighs invoking defence law to get chip data

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