A new executive order from President Biden aims to address a computer chip shortage. The order calls for a 100-day review of the supply chains of key products to identify weak points and potential solutions.
- Loren Thompson, Defense Industry Analyst at the Lexington Institute, said the executive order echoes some of the concerns expressed during the Trump administration and suggests “bipartisan concern about our ability to actually meet future military and economic needs from domestic sources.”
- Thompson said a solution will require a change in tax policy, a change in approach to investing in companies and concerted effort on this issue for at least the next 15 years.
