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American companies have an average of less than five days worth of semiconductors on hand, a level leaving them vulnerable to production shutdowns if supply is disrupted, the Commerce Department said Tuesday.
The findings from a survey of more than 150 firms last September underscore the precarious situation US companies face amid a global shortage of the crucial computer chips, which has already forced some businesses to slash production and contributed to an ongoing spike in inflation.
President Joe Biden wants to invest $52 billion in domestic semiconductor research and production, but while the US Senate has approved a bill to do so, the House of Representatives has yet to act.
Both chambers are narrowly controled by his Democratic Party. A House Democratic aide confirmed to AFP the chamber's version of the bill is expected to be introduced this week.
"The semiconductor supply chain remains fragile, and it is essential that Congress pass chips funding as soon as possible," Commerce Secretary Gina Raimondo said in a statement.
"With sky-rocketing demand and full utilization of existing manufacturing facilities, it's clear the only solution to solve this crisis in the long-term is to rebuild our domestic manufacturing capabilities."
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The findings from a survey of more than 150 firms last September underscore the precarious situation US companies face amid a global shortage of the crucial computer chips, which has already forced some businesses to slash production and contributed to an ongoing spike in inflation.
President Joe Biden wants to invest $52 billion in domestic semiconductor research and production, but while the US Senate has approved a bill to do so, the House of Representatives has yet to act.
Both chambers are narrowly controled by his Democratic Party. A House Democratic aide confirmed to AFP the chamber's version of the bill is expected to be introduced this week.
"The semiconductor supply chain remains fragile, and it is essential that Congress pass chips funding as soon as possible," Commerce Secretary Gina Raimondo said in a statement.
"With sky-rocketing demand and full utilization of existing manufacturing facilities, it's clear the only solution to solve this crisis in the long-term is to rebuild our domestic manufacturing capabilities."
US firms have only few days supply of semiconductors: govt
American companies have an average of less than five days worth of semiconductors on hand, a level leaving them vulnerable to production shutdowns if supply is disrupted, the Commerce Department said Tuesday.
