U.S. Chip Industry Urges Biden to Support Domestic Production
- CEOs want stimulus to include U.S. manufacturing incentives
- U.S. share of chip manufacturing drops to 12% from 37% in 1990
An Intel Corp. chip in an Apple Inc. MacBook Pro laptop.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
The chief executive officers of chip companies including Intel Corp., Qualcomm Inc. and Advanced Micro Devices Inc. urged U.S. President Joe Biden to support domestic production and stop the country from losing its edge in innovation.
The Semiconductor Industry Association sent a letter Thursday to Biden to include “substantial funding for incentives for semiconductor manufacturing, in the form of grants and/or tax credits” in his administration’s stimulus package.