Big Tech Join Intel to Seek Chip Production Funding

The Semiconductors in America Coalition is pushing for $50 billion in Congressional funding for domestic semiconductor production.

Chip buyers, including Apple, Microsoft, and Alphabet’s Google, have joined chip-makers like Intel to create a new lobbying group seeking $50 billion in Congressional funding for a domestic semiconductor production boost under the CHIPS for America Act, Bloomberg reports.

The newly created Semiconductors in America Coalition includes Amazon Web Services, Cisco Systems, Verizon Communications, and AT&T, Reuters reports.

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The technology companies seek partial government funding to drive U.S. production, whose market share has declined from 37% in 1990 to 12% at present.

However, the companies do not want any sector partiality from the government.

A group of tech companies recently protested to the congressional leaders of both parties and White House officials against sector preference under the Act and objecting to automakers’ pleas for production ramp-up of basic chips.

The Coalition wants the government to refrain from interfering as the industry works towards the correction of the current supply-demand imbalance. It expects the Act to assist in America’s additional capacity-building for resilient supply chains to ensure critical technologies in the future.

This story originally appeared on Benzinga. © 2021

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