Tech Giants Urge Congress to Fund Chip Act, Focus on Long-Term
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Apple Inc., Microsoft Corp. and other large technology companies added their voices to the chip industry’s calls for U.S. lawmakers to provide $50 billion in funding for legislation aimed at boosting domestic semiconductor production.
The Semiconductors in America Coalition, which also includes Alphabet Inc.’s Google, Cisco Systems Inc., Amazon.com Inc.’s Amazon Web Services, Verizon Communications Inc. and AT&T Inc., is sending letters to Congressional leaders asking them to fund the CHIPS for America Act passed earlier this year, according to a statement from the Semiconductor Industry Association, which is a member. Public money would go to provide incentives for manufacturing and research in the U.S.