Apple, Google, and others lobby US Congress for $50 billion chip manufacturing subsidies amid global shortage
Tech industry heavyweights including Apple, Microsoft, Alphabet, Amazon, and more are forming a coalition to lobby the US government to fund additional production capacity for chip fabrication. The “Semiconductors in America Coalition” is backing the CHIPS for America Act, in which President Biden is requesting Congress fund for $50 billion.
The money will be used to build out additional chip manufacturing capacity in the United States. The main casualty of the global chip shortage is carmakers like Ford, but Apple admitted on its last earnings call that supply of some MacBook and iPad models will be affected too.
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