Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

admin
Pinned May 25, 2021

<> Embed

@  Email

Report

Uploaded by user
Tech giants want the US to fund domestic chip production
<> Embed @  Email Report

Tech giants want the US to fund domestic chip production

Tech giants want the US to fund domestic chip production

Apple, Google and Microsoft are just some of those in a new alliance.

Jon Fingas
J. Fingas
May 11th, 2021
Tech giants want the US to fund domestic chip production | DeviceDaily.com
Xu Congjun/VCG via Getty Images

American tech companies (not to mention car makers) are feeling the pinch of chip shortages, and they’re banding together in hopes of bringing more production to the US. A string of tech giants have formed the Semiconductors in America Coalition to land funding for the recently enacted CHIPS for America Act, which greenlit incentives for domestic chip manufacturing and research but didn’t supply the necessary money.

The alliance includes a mix of companies, including familiar tech brands like Amazon, Apple, Google and Microsoft as well as carriers like AT&T and Verizon (Engadget’s parent company for now). Firms that were already part of the Semiconductor Industry Association, such as AMD, Intel, Qualcomm and Samsung, are also part of the coalition.

The aim is simple: the companies want enough US-based manufacturing to create “more resilient supply chains” and ensure tech is there when necessary. SIAC is opposed to any short-term intervention as it believes it can fix the supply-and-demand imbalance itself.

The alliance has already sent a letter to House and Senate leaders urging “robust” funding for the CHIPS Act.

There’s no guarantee SIAC will succeed in getting the funding it wants. President Biden has asked for $50 billion to fund the CHIPS Act, though, and industry funding is less prone to partisan fighting than other issues. Suffice it to say that the right funding could be transformative — the US now represents just 12 percent of worldwide chipmaking capacity, and a surge of new or expanded plants could both increase that percentage and reduce the country’s dependence on foreign-made components.

Engadget

(18)