Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: Rafah crossing was not opened as planned, and no date has yet been set for the resumption of movement through it.
Colombian President Gustavo Petro: There will be no change in diplomatic relations with Israel until it complies with the agreements.
Maduro: We say to the people of the United States that we do not want war in the Caribbean or in South America.
Maduro: The sadists in America believe they can issue orders for the world to follow, that they rule while others must adapt. But the first to know this is false are the American people themselves.
Caracas: US maneuvers seek to legitimize regime change and seizure of Venezuelan oil resources.
Caracas: The announced US military deployment in the Caribbean region constitutes a policy of aggression and a threat against Venezuela.
Venezuela: We reject Trump's statements allowing US intelligence agencies to operate in Venezuela.
Palestinian media: Occupation forces storm the town of Azzun, east of Qalqilya
Al Mayadeen's correspondent: Israeli occupation forces fire on Shujaiyya neighborhood east of Gaza City.
Palestinian Prisoners' Information Office: Four of his ribs were broken

US companies have few days supply of semiconductors: US govt

  • By Al Mayadeen Net
  • Source: Agencies
  • 25 Jan 2022 23:31
3 Min Read

Semiconductor shortage will severely affect major US manufacturers of cars and medical equipment, contributing to an even greater rise in inflation.

  • x
  • US companies have few days supply of semiconductors: US govt
    President Joe Biden wants to invest $52 billion in domestic semiconductor research and manufacture

American corporations have an average of fewer than five days' worth of semiconductors on hand, putting them at risk of production shutdowns if supply is disrupted,  the Commerce Department said Tuesday.

The results of a survey of more than 150 businesses conducted in September highlight the precarious situation that US businesses are in as a result of a global shortage of critical computer chips, which has already forced some businesses to cut production and contributed to an ongoing inflation spike.

President Joe Biden wants to invest $52 billion in domestic semiconductor research and manufacturing, but the US House of Representatives is yet to act, despite the Senate's approval of a measure to do so.

His Democratic Party has a slim majority in both chambers. A Democratic aide in the House confirmed to AFP that the chamber's version of the bill would be introduced this week.

"The semiconductor supply chain remains fragile, and it is essential that Congress pass chips funding as soon as possible," Commerce Secretary Gina Raimondo said in a statement.

Related News

German industrial output plunges again by 1.5% in June

German industrial production decreases, concerns about economy rise

"With sky-rocketing demand and full utilization of existing manufacturing facilities, it's clear the only solution to solve this crisis in the long-term is to rebuild our domestic manufacturing capabilities," Raimondo added.

Chip demand is already 20% greater than it was in 2019, according to the survey, and companies forecast more demand than supply for the next six months.

The Commerce Department cautioned that if a COVID-19 outbreak, a natural disaster, or political instability affects a foreign semiconductor facility for even a few weeks, it has the potential to shut down a manufacturing site in the US.

According to the survey, the automotive and medical device industries are the most affected by scarcity. The rise in used car costs last year was aided by disruptions in the auto industry, which helped to push overall consumer prices up 7% in 2021.

The rise in inflation has become a political liability for Biden, and it has prompted the US Federal Reserve to hint that it was ready to raise interest rates from zero as soon as March, and possibly two more times this year in order to cool prices.

The White House has been encouraging American companies to invest in domestic semiconductor facilities, and Biden praised Intel's proposal to spend $20 billion on a new chip manufacturing plant in the United States on Friday.

However, manufacturing at the company's two plants in Ohio, which are located in the Midwest, will not begin until 2025 at the earliest.

  • Industry
  • US
  • semiconductors
  • semiconductor
  • semi
  • US economy

Most Read

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
drop site

New report details extensive Israeli arson in Gaza after ceasefire

  • Politics
  • 13 Oct 2025
Illustration of fists breaking shackles, representing the liberation of Palestinian detainees from Israeli prisons. (Illustrated by: AL Mayadeen English/Batoul Chamas)

4 prominent Palestinian detainees to be freed: Who are they?

  • Palestine
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Members of the media wait for Palestinian prisoners and injured at the Rafah border crossing in Egypt, Saturday, Feb. 1, 2025 (AP)
Politics

Rafah crossing to reopen for travelers from Gaza: Reuters

US President Donald Trump speaks during an event in the Oval Office at the White House, Wednesday, October 15, 2025, in Washington (AP)
Politics

'Israel' may resume Gaza war if Hamas breaches ceasefire, Trump says

Mourners attend the funeral of slain captive Captain Daniel Peretz at Mt. Herzl military cemetery in occupied al-Quds, Wednesday, October 15, 2025 (AP)
Politics

Al-Qassam Brigades hand over all living Israeli captives

Armored vehicles drive through a street during a government-organized march in support of President Nicolas Maduro in Caracas, Venezuela, Tuesday, Sept. 23, 2025 (AP)
Politics

US approves covert CIA action in Venezuela: Reports

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS