Tech giants join call for funding U.S. chip production [Reuters]
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Source: Reuters
Tech giants join call for funding U.S. chip production By Stephen Nellis 3 Min Read May 11 (Reuters) - Some of the world’s biggest chip buyers, including Apple Inc, Microsoft Corp and Alphabet Inc’s Google, are joining top chip-makers such as Intel Corp to create a new lobbying group to press for government chip manufacturing subsidies. The newly formed Semiconductors in America Coalition, which also includes Amazon.com’s Amazon Web Services, said Tuesday it has asked U.S. lawmakers to provide funding for the CHIPS for America Act, for which President Joe Biden has asked Congress to provide $50 billion. “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,” the group said in a letter to Democratic and Republican leaders in both houses of the U.S. Congress. A global chip shortage has hit automakers hard, with Ford Motor Co saying it could halve se
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