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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 +0.92% will join executives from Apple Inc. /zigman2/quotes/202934861/composite AAPL +1.27% , Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +0.19% , Ford Motor Co. /zigman2/quotes/208911460/composite F +0.16% 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 +0.57% , General Motors Co. /zigman2/quotes/205226835/composite GM -0.0088% , Stellantis NV /zigman2/quotes/204248628/composite STLA -0.28% , Micron Technology Inc. /zigman2/quotes/205710729/composite MU +0.30% , Taiwan Semiconductor Manufacturing Co. /zigman2/quotes/204359850/composite TSM +0.99% and BMW /zigman2/quotes/202432319/delayed XE:BMW -1.05% 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
$ 54.97
+0.50 +0.92%
Volume: 7.68M
Oct. 19, 2021 12:04p
P/E Ratio
12.23
Dividend Yield
2.53%
Market Cap
$220.98 billion
Rev. per Employee
$704,042
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 148.42
+1.86 +1.27%
Volume: 41.73M
Oct. 19, 2021 12:04p
P/E Ratio
29.03
Dividend Yield
0.59%
Market Cap
$2422.50 billion
Rev. per Employee
$1.86M
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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 307.86
+0.57 +0.19%
Volume: 7.92M
Oct. 19, 2021 12:04p
P/E Ratio
38.25
Dividend Yield
0.80%
Market Cap
$2307.10 billion
Rev. per Employee
$928,663
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/zigman2/quotes/208911460/composite
US : U.S.: NYSE
$ 15.59
+0.03 +0.16%
Volume: 16.00M
Oct. 19, 2021 12:04p
P/E Ratio
17.97
Dividend Yield
0.00%
Market Cap
$62.16 billion
Rev. per Employee
$683,570
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
70,600.00
+400.00 +0.57%
Volume: 9.51M
Oct. 19, 2021 3:30p
P/E Ratio
14.87
Dividend Yield
2.05%
Market Cap
₩471825.82 billion
Rev. per Employee
₩2.16B
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/zigman2/quotes/205226835/composite
US : U.S.: NYSE
$ 56.89
-0.0050 -0.0088%
Volume: 3.97M
Oct. 19, 2021 12:03p
P/E Ratio
6.57
Dividend Yield
0.00%
Market Cap
$82.59 billion
Rev. per Employee
$790,226
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/zigman2/quotes/204248628/composite
US : U.S.: NYSE
$ 19.53
-0.06 -0.28%
Volume: 1.72M
Oct. 19, 2021 12:03p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$61.39 billion
Rev. per Employee
$521,383
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/zigman2/quotes/205710729/composite
US : U.S.: Nasdaq
$ 67.46
+0.20 +0.30%
Volume: 8.96M
Oct. 19, 2021 12:04p
P/E Ratio
13.11
Dividend Yield
0.59%
Market Cap
$75.24 billion
Rev. per Employee
$644,302
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/zigman2/quotes/204359850/composite
US : U.S.: NYSE
$ 116.48
+1.14 +0.99%
Volume: 2.51M
Oct. 19, 2021 12:04p
P/E Ratio
31.03
Dividend Yield
1.27%
Market Cap
$546.20 billion
Rev. per Employee
$800,328
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/zigman2/quotes/202432319/delayed
XE : Germany: Xetra
85.46
-0.91 -1.05%
Volume: 1.01M
Oct. 19, 2021 5:35p
P/E Ratio
5.11
Dividend Yield
2.22%
Market Cap
€56.11 billion
Rev. per Employee
€819,956
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