The video discusses a survey initiated by Commerce Secretary Gina Raimondo for companies in the semiconductor supply chain to identify shortages and bottlenecks. The White House may use the Defense Production Act to compel information sharing if necessary. The DPA, a Cold War-era law, has been increasingly used during the COVID-19 pandemic to address supply issues, such as vaccine shortages. The Biden administration has utilized this tool more frequently despite its archaic nature.

What is the primary purpose of the survey mentioned by Commerce Secretary Gina Raimondo?

• To increase semiconductor production

• To identify supply chain issues

• To reduce semiconductor prices

• To promote international trade

What action might the White House take if companies do not voluntarily provide information?

• Invoke the Defense Production Act

• Increase taxes on companies

• Ban semiconductor imports

• Impose financial penalties

What is the historical context of the Defense Production Act?

• A modern trade agreement

• A Cold War era national security law

• A recent environmental regulation

• A post-9/11 security measure

How has the Defense Production Act been used during the coronavirus pandemic?

• To enforce lockdowns

• To develop new vaccines

• To address vaccine and medical supply shortages

• To promote social distancing

What is a potential application of the Defense Production Act in the semiconductor industry?

• To promote new semiconductor technologies

• To reduce semiconductor prices

• To compel companies to share supply chain information

• To increase semiconductor exports