Semiconductor companies and big businesses that use semiconductor chips have formed a new 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 companies like Intel, Nvidia and Qualcomm and companies that rely on semiconductors like Apple, Google, Amazon Web Services, Microsoft, Verizon and AT&T.
The coalition is calling on Congress to provide $50 billion in funding 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,” said John Neuffer, the president and chief executive of the Semiconductor Industry Association, a trade group that represents semiconductor companies.
Persons:
Biden, ”, John Neuffer
Organizations:
Semiconductors, America Coalition, Intel, Nvidia, Qualcomm, Google, Amazon Web Services, Microsoft, Verizon, AT, “, Semiconductor Industry Association
Locations:
United States, U.S, Washington