President Biden holds a semiconductor during remarks before signing an executive order on the economy at the White House on Feb. 24. On Monday, senior members of his team will meet with leaders across various industries to discuss a shortage of semiconductors.

WASHINGTON, DC – FEBRUARY 24: U.S. President Joe Biden holds a semiconductor during his remarks before signing an Executive Order on the economy in the State Dining Room of the White House on February 24, 2021 in Washington, DC. (Photo by Doug Mills/Pool/Getty Images)