Semiconductor firms and big companies form a new group to push for chip funding.Posted by Booth Joensen on May 11th, 2021 Semiconductor companies and big businesses that use chips have formed a fresh coalition to push for tens of billions of dollars in federal funding for semiconductor research and manufacturing in the usa. 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 depend on semiconductors, like Apple, Google, Amazon Web Services, Microsoft, Verizon and AT&T. The coalition is contacting Congress to supply billion for semiconductor research and manufacturing, which President Biden has proposed as part of his .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 fundamental 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. In a letter to congressional leaders, the brand new coalition noted the shortage of semiconductors and said that in the long run, federal funding ?would help America build the additional capacity necessary to have more resilient supply chains to make sure critical technologies will undoubtedly be there whenever we need them.? The shortage has been acutely felt in the auto industry, forcing carmakers to idle plants. Ford Motor expects the shortage to cause profit to be about .5 billion lower this year and to cut vehicle production by about 50 percent in the next quarter. The new coalition does not include any automakers, which have their own ideas for the way the government should encourage domestic semiconductor manufacturing. In a letter to congressional leaders last week, groups representing automakers, automotive suppliers and autoworkers expressed support for Mr. Biden?s billion proposal but emphasized the necessity to increase production capacity for automotive grade chips within the effort. The letter ? from the American Automotive Policy Council, the Motor & Equipment Manufacturers Association and the United Automobile Workers union ? suggested providing ?specific funding for semiconductor facilities that invest in dedicating a portion of these capacity to motor vehicle-grade chip production.? In 해외선물커뮤니티 to congressional leaders last month, technology trade groups argued against putting away new production capacity for a specific industry, saying that this type of move would total ?unprecedented market interference.?Like it? Share it! More by this author |