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Chipmakers and big tech push for $50B funding for semiconductor R&D


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 par ....

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