It’s been a long three months into the next console generation as most players are still empty-handed when it comes to getting hold of the PS5 and Xbox Series X, and President Joe Biden is sick of it, so he’s stepping in to solve the console crisis.
The supply issues that have afflicted the PS5 and Xbox Series X are down to a semi-conductor shortage which has impacted a number of other industries, and a new executive order is being signed that will see an investigation into the production process to gauge workarounds and alternatives solutions.
A number of companies affected by the waning supply sent a joint letter to the president calling for action, and criticising the lack of investment in semiconductor R&D and manufacturing, saying “the absence of U.S. incentives has made our country uncompetitive and America’s share of global semiconductor manufacturing has steadily declined as a result.”
The letter highlights that semiconductors “play a critical role in enabling the products and services that fuel the economy, contribute to American innovation, and enhance the country’s national security. Given the central role of semiconductors, strengthening the U.S. position in semiconductor research, design, and manufacturing is a national priority.”
According to the Semiconductor Industry Association, the US accounts for only 12% of global semiconductor manufacturing capacity, so ramping up investment will see the economy benefit, as well as making sure we don’t see any more console shortages.