Semiconductor supply chain review seen as ‘demand signal’ for industry

President Biden’s February executive order to review critical supply chains is a “demand signal” to industry and an opportunity to address any national security vulnerabilities, business, congressional and intelligence community representatives said on Tuesday. The executive order directed several government agencies to conduct 100-day reviews of the supply chains for semiconductors, rare earths, pharmaceutical and large-capacity batteries, as well as year-long reviews of six industrial bases. The agencies were instructed to issue recommendations on immediate actions the administration could take...