By David Shepardson

WASHINGTON, (Reuters) – U.S. On Thursday, Senator Maria Cantwell will host a briefing for classified officials at the Pentagon. Intel Corp According to Reuters, the chief executive officer for legislators reached a compromise agreement that would provide $52 million in subsidy for U.S. semiconductor production.

Officials said that the briefing would focus on threats to national security-critical supply chain, with a particular emphasis on semiconductors. It will also review their significance for critical infrastructure and defense systems.

Sources said Gina Raimondo, Commerce Secretary, is likely to participate along with David Honey (Deputy Under Secretary for Defense Research and Engineering) and Victoria Coleman (U.S Air Force Chief Scientist). Intel CEO Patrick Gelsinger will also be participating.

Monday saw the White House National Economic Council meet with members of key Senate and House committees in an attempt to find a solution.

The formal conference committee meetings for competing bills opened on May 12 by more than 100 House and Senate legislators. They are designed to discuss the potential legislation that would increase U.S. competition with China as well as spur production of semiconductors. Cantwell is the chairman of this conference committee.

An inexorable shortage of chips has caused disruptions to the electronics and automotive industry. This forced some companies into reducing their production. Raimondo believes that this shortage, even if it lasts longer than that, will affect many businesses.

Some major U.S. investments in chip manufacturing could face serious consequences if Congress doesn’t act.

Raimondo, a Senator Commerce Hearing participant in April said that “I spoke with all national defense contractors recently. They are working overtime in Ukraine replenishment issue. Their biggest pain point has been chips.” Every Javelin launch system has 250 or more chips. It must happen and it must happen immediately.

Raimondo spoke at Wednesday’s Financial Times forum that Congress has momentum, but the process is taking too much time.

Three senators, including Senators Bernie Sanders & Elizabeth Warren, called Monday for the prohibition of chips producers receiving government subsidies to conduct stock buybacks or outsource jobs. Additionally they demanded that the chip manufacturers issue warrants and equity to the U.S. government to “to the greatest extent”