Biden says he expects call with Xi this week

STORY: Biden met virtually on Monday with the chief executives of Lockheed Martin, Medtronic and Cummins along with labor leaders as part of the administration's push for legislation to boost the U.S. semiconductor industry.

The chips bill aims to ease a shortage that has disrupted production in industries including automobiles, consumer electronics, medical equipment and high-tech weapons.

It is part of a broad effort across the government to push back against an ascendant China and ease supply-chain problems by decreasing U.S. companies' reliance on foreign-made semiconductors.

Following the meeting, Biden said that it is still his expectation that he will speak with his Chinese counterpart, Xi Jinping, this week.

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