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Semiconductor manufacturers and users form groups to drive chip financing.

Semiconductor companies and large companies using semiconductor chips have formed a new coalition to drive tens of billions of dollars in federal funding for semiconductor research and manufacturing in the United States.

A new group, the Semiconductors in America Coalition, announced its formation on Tuesday. Global shortage of semiconductors It caused turmoil in the economy as a whole. Its members include chip companies such as Intel, Nvidia and Qualcomm, as well as companies that rely on semiconductors such as Apple, Google, Amazon Web Services, Microsoft, Verizon and AT & T.

The coalition is calling on Congress to fund $ 50 billion in semiconductor research and manufacturing. It was proposed by President Biden as part of a $ 2.3 trillion infrastructure package.

John Noufer, President and Chief Executive Officer, said:Semiconductor Industry Association, an industry group that represents semiconductor companies

In a letter to parliamentary leaders, the New Deal coalition referred to the current shortage of semiconductors and provided federal funding in the long run to “more resilience to ensure that important technologies exist. It will help the United States build the additional capabilities needed to have a supply chain with. ” “

The shortage was felt seriously In the automobile industryLet the car maker play the factory. Ford motor The shortfall is expected to reduce profits by about $ 2.5 billion this year and reduce vehicle production by about 50% in the second quarter.

The New Deal coalition does not include automakers who have their own ideas about how the government should encourage domestic semiconductor manufacturing. In a letter to Congressional leaders last week, a group of car makers, car suppliers and car workers expressed their support for Mr. Byden’s $ 50 billion proposal, but as part of his efforts, car grade. He emphasized the need to increase the production capacity of automobiles.

Letters from the Automobile Policy Council, the Automobile Manufacturers Association, and the American Automobile Workers’ Union “provide specific funding for semiconductor facilities that promise to devote some of their capacity to the production of automotive-grade chips.” Proposed that.

In a letter to parliamentary leaders last month, technology industry groups opposed securing new capacity for specific industries, and such a move would be “unprecedented market interference.” I said I would.

Semiconductor manufacturers and users form groups to drive chip financing.

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