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Political and Legislative

U.S. Commerce Department Addresses the Computer Chip Shortage

The Commerce Department in a report issued Tuesday highlighted the severity of the computer chip shortage, saying the current supply shortage could lead to closures at manufacturing facilities if not properly addressed.

The department delivered results from a Request for Information (RFI) survey that provided insight from semiconductor producers and companies on the status of the computer chip supply chain.

“For the semiconductor products that present the greatest challenge to acquire, the median inventory for consumers who responded to the RFI has fallen from 40 days in 2019 to less than 5 days in 2021,” the department said in a summary of its findings, noting that supply may be even smaller in key industries.

Read the source article at The Hill

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