Brilliant Or Bonehead? Biden Administration Considers Defense Production Act To Halt Chip Exports

Every major semiconductor company has pledged to comply with a U.S. request for information pertaining to the global chip shortage, Commerce Secretary Gina Raimondo said on the day of a deadline set by the government.

"The past two weeks, I personally have called the CEOs of all the major chip producers in the U.S. and overseas, and every CEO has assured me that they will be complying and will be giving us the data that we've asked for," Raimondo said in an interview Monday.