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Biden to order review of U.S. reliance on overseas supply chains for semiconductors, rare earths



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President Joe Biden will direct his administration to conduct a review of key U.S. supply chains, including those for semiconductors, high-capacity batteries, medical supplies and rare earth metals.The assessment, which will be led by members of Biden’s economic and national security teams, will analyze the “resiliency and capacity of the American manufacturing supply chains and defense industrial base to support national security [and] emergency preparedness,” according to a draft of an executive order seen by CNBC.The text of the executive order is being finalized and the ultimate language could vary from the current draft.The White House …

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