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April 8, 2021, 1:48 p.m. EDT

Biden officials to meet with companies on chip shortage next week

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By Victor Reklaitis

White House press secretary Jen Psaki on Thursday said National Economic Council Director Brian Deese and National Security Advisor Jake Sullivan will lead a meeting next week "with a number of companies" on the ongoing semiconductor /zigman2/quotes/200571902/composite SMH -2.90% /zigman2/quotes/209255350/composite SOXX -2.78% shortage. "It's part of our consulting processes. We're working to address an issue that's impacting a range of industries," Psaki told reporters. She also said the White House would release more details on the meeting "hopefully by tomorrow."

/zigman2/quotes/200571902/composite
US : U.S.: Nasdaq
$ 299.40
-8.94 -2.90%
Volume: 3.37M
Nov. 26, 2021 1:00p
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/zigman2/quotes/209255350/composite
US : U.S.: Nasdaq
$ 518.74
-14.85 -2.78%
Volume: 816,043
Nov. 26, 2021 1:00p
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