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Wednesday, July 28, 2021

U.S. Big Tech to Support Funding Local Chip Production

The newly formed Semiconductors in America Coalition is pressing the federal government for tens of billions of dollars in funding for research and manufacturing of semiconductors in the United States.

The lobbying group announced its formation on Tuesday with members from the world’s biggest tech industries like Apple, Google, Amazon, Microsoft, Verizon, and AT&T as well as the major chip manufacturers Intel, Nvidia, and Qualcomm.

The group initially asked US lawmakers to provide $50 billion funding for the CHIPS for America Act, a part of US President Biden’s proposed $2.3 trillion infrastructure package for research and manufacturing.

“Robust funding of the CHIPS Act would help America build the additional capacity necessary to have more resilient supply chains to ensure critical technologies will be there when we need them,” said the group in a letter for the members of the US Congress.

The initiative came after a shortage of semiconductor chip supplies affected the automotive industries like Ford Motor Co, forcing some companies to idle sites.

The coalition does not include major automotive manufacturers which have their own suggestions on how the government can direct its funding policies to boost manufacturing and research.

Tech companies such as Apple are also experiencing chip shortages but to a far lesser extent compared with the automotive makers.

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