Supply chain, chip shortage ‘very real, critical’ challenge: Hologic CEO
Hologic CEO Stephen MacMillan says the medical company is competing for microchips and asking for assistance from the Department of Commerce.
One health care executive is looking to raise awareness on the industry’s "critical" need for microchips and how the ongoing shortage consequently impacts Americans’ health.
"The chip shortage is very real," Hologic CEO Stephen MacMillan told FOX Business’ Maria Bartiromo on "Mornings with Maria" Wednesday.
"We're competing, frankly, we said, 'Hey, can you give us some instead of the video games?'" MacMillan added. "I think last I checked, [health care's] a little more important."
Hologic, a company that has pioneered three-dimensional mammography technology, has been forced to minimize its microchip use amid the shortage exacerbated by a disrupted supply chain and the pandemic.
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"We literally only use a few hundred chips a month," the CEO noted. "We're working with all of our suppliers. And the challenge is, even as Intel helps us out, we've got chips from other manufacturers trying to get them in, and we're such a small customer of theirs relative to the computer games."
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