Tech, Trade Groups Urge Congress to Fund CHIPS Act
A group of technology, auto, manufacturing and semiconductor groups urged congressional leaders to fund the CHIPS for America Act so the semiconductor industry can begin benefiting from tax credits and other incentives to boost U.S. semiconductor innovation (see 2107160040). The…
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groups, including the Semiconductor Industry Association, the Information Technology Industry Council, the National Association of Manufacturers and the U.S. Chamber of Commerce, urged Congress in a July 22 letter to “expeditiously” approve funding for the bill and other programs to support the chip industry. “These initiatives will help grow the U.S. economy, create hundreds of thousands of good-paying middle-class jobs in advanced manufacturing and other fields, unleash billions in private sector investments, assure the supply of critical components essential to virtually all sectors of the economy, and strengthen our national security,” the groups wrote to House Speaker Nancy Pelosi, House Minority Leader Kevin McCarthy, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell.