U.S. Commerce chief planning meeting on chip shortage -sources

U.S. Commerce Secretary Gina Raimondo plans to hold a May 20 meeting with senior U.S. auto industry leaders and others on a semiconductor shortage that has cut production, two sources briefed on the matter said.

The meeting will include General Motors Co (GM.N), Ford Motor Co (F.N) and Stellantis NV (STLA.MI), the sources said.

Raimondo told MSNBC on Friday “we need to get back into the business of making more chips in America. And the supply chain issues are very real.”

She said the chip shortage was a factor in the loss of 27,000 auto sector jobs in April…

On Friday, a group representing U.S. automakers, the United Auto Workers and an auto parts group told Congress it “should prioritize production of the semiconductors necessary to assemble vehicles here in the United States. This will ensure that motor vehicle manufacturers have a fair share of chips needed to meet consumer demand.”