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Industries pressure Washington to act as chip crisis worsens
The Commerce Department held another summit with industry leaders this week as businesses try to get help with the chip shortage.
Commerce Secretary Gina Raimondo has been meeting with executives from the tech, auto and semiconductors sectors this week. | Oliver Contreras-Pool/Getty Images
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Washington’s pledge to pour tens of billions of taxpayer dollars into making more microchips in the U.S. is setting off behind-the-scenes squabbles among industries angling for a slice of the spoils.
Commerce Secretary Gina Raimondo on Thursday convened nearly three dozen executives from many of those sectors, including tech, autos and semiconductors, for a second high-level confab with the Biden administration in just over a month. So many companies wanted to participate they were split into two sessions.
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Chipmakers and big tech push for $50B funding for semiconductor R&D
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Computer chip makers and some of their biggest customers joined forces today in an attempt to pressure the U.S. government to commit tens of billion dollars in funding toward semiconductor manufacturing and research.
The Semiconductors in America Coalition’s members include international chipmakers such as Intel Corp., Advanced Micro Devices Inc., Qualcomm Inc., Taiwan Semiconductor Manufacturing Co. Ltd., Samsung Electronics Ltd., Nvidia Corp. and Nvidia Corp., as well as big tech firms such as Amazon Web Services Inc.,, Google LLC, Microsoft Corp. and Apple Inc.
The group said today it is throwing its weight behind the CHIPS for America Act that was introduced in June 2020, with an aim to “appropriate $50 billion for domestic chip manufacturing incentives and research initiatives.” The CHIPS for America Act has been approved by the House and the Senate as part of the Nation
Semiconductor companies and big businesses that use chips have formed a coalition to push for tens of billions of dollars in federal funding for semiconductor research and manufacturing in the United States.
The new group, the Semiconductors in America Coalition, announced its formation on Tuesday amid a global semiconductor shortage that has caused disruptions throughout the economy. Its members include chip makers like Intel, Nvidia and Qualcomm and companies that rely on semiconductors, like Amazon Web Services, Apple, AT&T, Google, Microsoft and Verizon.
The coalition is calling on Congress to provide $50 billion for semiconductor research and manufacturing, which President Biden has proposed as part of his $2.3 trillion infrastructure package. “Leaders from a broad range of critical sectors of the U.S. economy, as well as a large and bipartisan group of policymakers in Washington, recognize the essential role of semiconductors in America’s current and future strength,” s
Semiconductor makers and users form a group to push for chip funding.
President Biden has called for $50 billion to encourage domestic semiconductor production as part of his infrastructure plan.Credit.Doug Mills/The New York Times
May 11, 2021
Semiconductor companies and big businesses that use chips have formed a coalition to push for tens of billions of dollars in federal funding for semiconductor research and manufacturing in the United States.
The new group, the Semiconductors in America Coalition, announced its formation on Tuesday amid a global semiconductor shortage that has caused disruptions throughout the economy. Its members include chip makers like Intel, Nvidia and Qualcomm and companies that rely on semiconductors, like Amazon Web Services, Apple, AT&T, Google, Microsoft and Verizon.
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