Jan 24, 2021

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News from all over the USA

A year of poor planning led to carmakers’ massive chip shortage

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  • But when they wanted to increase supply toward the end of 2020, they struggled to secure capacity at Taiwan Semiconductor Manufacturing Co. and other contract chipmakers that were busy servicing a boom in demand for gadgets that help housebound consumers stay connected, according to people familiar with the situation.
  • Near-sighted planning, supply-chain complexities and a tradition of keeping inventories low caused the semiconductor shortage that is now forcing carmakers to idle production lines and straining their relationship with chip manufacturers.
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Biden ordering stopgap help as talks start on big aid plan

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  • The two executive orders that Biden signed would increase food aid, protect job seekers on unemployment and clear a path for federal workers and contractors to get a $15 hourly minimum wage.
  • President Joe Biden took executive action Friday to speed a stopgap measure of financial relief to millions of Americans affected by the coronavirus pandemic while Congress begins to consider his much larger $1.9 trillion package.
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