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Biden can’t fix the chip shortage any time soon. Here’s why.

Semiconductor executive Tom Caulfield knew a crisis was brewing when he started getting frantic calls from big automakers just before Christmas. “Tom, you’re killing me. You need to make more,” Caulfield, the chief executive of chipmaker GlobalFoundries, recalls the auto executives saying. “Ford, Volkswagen, BMW, Daimler-Benz, Fiat Chrysler, GM — every one of them became […]