Semiconductor, Tech Companies Form Group to Lobby for Federal Funding
Semiconductor and technology companies are calling for increased federal semiconductor funding amid a congressional push to boost supply chain competitiveness and domestic innovation. The Semiconductors in America Coalition, which includes Semiconductor Industry Association members Apple, Microsoft, Google, Amazon Web Services and others, said its “primary focus” is to convince Congress to fund the Creating Helpful Incentives to Produce Semiconductors for America Act (see 2102180062), a bill passed earlier this year.
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The group endorsed a proposal by President Joe Biden to allocate $50 billion to fund the bill’s provisions and support the semiconductor industry. “[F]ederal investment in semiconductor research has been relatively flat, while other countries are investing heavily to challenge U.S. leadership,” the SIAC said in a May 11 letter to House and Senate leadership. “But for the longer term, 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.”