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Ford Motor Co. partners with chip maker GlobalFoundries to address the auto industry’s semiconductor supply shortfalls.
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GM sales fall short of Toyota Motor Corp. over two consecutive quarters.
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Manufacturers are entering commitments to produce more automotive-grade chips for automotive manufacturers that have idled production amid the shortage.
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President Biden assigned the task force to develop responses for near-term supply challenges in key industries.
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The bill earmarks $52 billion to help domestic semiconductor manufacturers expand production.
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