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Sept. 23, 2021, 7:48 a.m. EDT

White House to host Intel, Apple, Microsoft execs to discuss chip shortage

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By Mike Murphy

The CEO of Intel Corp. /zigman2/quotes/203649727/composite INTC +2.50% will join executives from Apple Inc. /zigman2/quotes/202934861/composite AAPL +2.19% , Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +2.11% , Ford Motor Co. /zigman2/quotes/208911460/composite F -0.41% and others at a White House virtual meeting Thursday to address the global chip shortage, Reuters reported Wednesday .

Commerce Secretary Gina Raimondo and  National Economic Council Director Brian Deese will lead the meeting, which was announced last week .

Intel’s Pat Gelsinger plans to attend, according to Reuters; it’s unclear if other CEOs will join him. Representatives from Samsung Electronics Co. /zigman2/quotes/209800866/delayed KR:005930 -1.38% , General Motors Co. /zigman2/quotes/205226835/composite GM -0.52% , Stellantis NV /zigman2/quotes/204248628/composite STLA -1.24% , Micron Technology Inc. /zigman2/quotes/205710729/composite MU +3.26% , Taiwan Semiconductor Manufacturing Co. /zigman2/quotes/204359850/composite TSM +1.87% and BMW /zigman2/quotes/202432319/delayed XE:BMW -2.40% are also expected to attend, according to the report.

The meeting will reportedly focus on how to handle the ongoing semiconductor shortage, and how to ease the production bottlenecks.

/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 50.00
+1.22 +2.50%
Volume: 31.48M
Nov. 29, 2021 4:00p
P/E Ratio
9.71
Dividend Yield
2.78%
Market Cap
$198.39 billion
Rev. per Employee
$704,042
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 160.24
+3.43 +2.19%
Volume: 88.75M
Nov. 29, 2021 4:00p
P/E Ratio
28.58
Dividend Yield
0.55%
Market Cap
$2572.69 billion
Rev. per Employee
$2.38M
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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 336.63
+6.95 +2.11%
Volume: 28.56M
Nov. 29, 2021 4:00p
P/E Ratio
37.63
Dividend Yield
0.74%
Market Cap
$2475.23 billion
Rev. per Employee
$928,663
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/zigman2/quotes/208911460/composite
US : U.S.: NYSE
$ 19.67
-0.08 -0.41%
Volume: 68.78M
Nov. 29, 2021 4:02p
P/E Ratio
27.14
Dividend Yield
2.03%
Market Cap
$78.93 billion
Rev. per Employee
$683,570
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
71,300.00
-1,000 -1.38%
Volume: 30.36M
Nov. 30, 2021 3:30p
P/E Ratio
13.82
Dividend Yield
2.03%
Market Cap
₩486501.87 billion
Rev. per Employee
₩2.16B
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/zigman2/quotes/205226835/composite
US : U.S.: NYSE
$ 59.86
-0.31 -0.52%
Volume: 15.03M
Nov. 29, 2021 4:00p
P/E Ratio
8.00
Dividend Yield
0.00%
Market Cap
$87.36 billion
Rev. per Employee
$790,226
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/zigman2/quotes/204248628/composite
US : U.S.: NYSE
$ 17.53
-0.22 -1.24%
Volume: 2.54M
Nov. 29, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$55.18 billion
Rev. per Employee
$521,383
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/zigman2/quotes/205710729/composite
US : U.S.: Nasdaq
$ 86.14
+2.72 +3.26%
Volume: 18.89M
Nov. 29, 2021 4:00p
P/E Ratio
16.76
Dividend Yield
0.46%
Market Cap
$93.32 billion
Rev. per Employee
$644,302
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/zigman2/quotes/204359850/composite
US : U.S.: NYSE
$ 119.28
+2.19 +1.87%
Volume: 7.63M
Nov. 29, 2021 4:00p
P/E Ratio
30.32
Dividend Yield
1.28%
Market Cap
$555.42 billion
Rev. per Employee
$800,328
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/zigman2/quotes/202432319/delayed
XE : Germany: Xetra
83.72
-2.06 -2.40%
Volume: 642,077
Nov. 30, 2021 11:21a
P/E Ratio
4.68
Dividend Yield
2.27%
Market Cap
€55.56 billion
Rev. per Employee
€819,956
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