Intel Chief Executive Pat Gelsinger plans to attend a virtual White House meeting on the global chip shortage, along with representatives from companies including Apple, Microsoft, Samsung Electronics, GM, Ford, and Stellantis, people familiar with the matter said.

The meeting will be hosted by Secretary of Commerce Gina Raimondo and National Economic Council Director Brian Deese, the Commerce Department said earlier this month. Topics will include the impact of the coronavirus Delta variant on chip supplies and how to better coordinate between chip producers and consumers.

President Joe Biden met with executives from major companies in April, saying he had bipartisan support for legislation to fund the semiconductor industry. In May, Raimondo said she held meetings with three dozen senior industry leaders on the chip shortage and said the United States could help boost transparency in the market.

While Intel and TSMC have announced plans to ramp up chip production with new US-based plants, it takes years for new semiconductor plants to ramp up to full production. Meanwhile, legislation to fund a plan to offer grants to chipmakers to expand or build new factories awaits congressional approval.

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