Joe Biden tells execs US needs to invest, lead in computer chips

President Joe Biden used a virtual meeting with corporate leaders about a global shortage of semiconductors to push Monday for his USD 2.3 trillion infrastructure plan, telling them that the US should be the world's computer chip leader.

We need to build the infrastructure of today, not repair the one of yesterday, he told the group of 19 executives from the technology, chip and automotive industries.

China and the rest of the world is not waiting and there's no reason why Americans should wait.

He said the country hasn't made big investments to stay ahead of global competitors, and it needs to step up its game.

Biden made an appearance at the meeting between administration officials and company leaders held to discuss developing a stronger US computer chip supply chain.

The meeting came as the global chip shortage continued to plague a wide array of industries.

CEOs of AT&T, Dell, Ford, General Motors, Stellantis (formerly Fiat Chrysler), Intel, Northrop Grumman, and others were