Notice: amp_is_available was called incorrectly. `amp_is_available()` (or `amp_is_request()`, formerly `is_amp_endpoint()`) was called too early and so it will not work properly. WordPress is currently doing the `pre_get_posts` hook. Calling this function before the `wp` action means it will not have access to `WP_Query` and the queried object to determine if it is an AMP response, thus neither the `amp_skip_post()` filter nor the AMP enabled toggle will be considered. It appears the theme with slug `publisher` is responsible; please contact the author. Please see Debugging in WordPress for more information. (This message was added in version 2.0.0.) in /home/runcloud/webapps/techilive/wp-includes/functions.php on line 5313
Semiconductor firms and big companies form a new group to push for chip funding. - TechiLive.in

Semiconductor firms and big companies form a new group to push for chip funding.

0

Semiconductor companies and big businesses that use semiconductor chips have formed a new coalition to push for tens of billions of dollars in federal funding for semiconductor research and manufacturing in the United States.

The new group, the Semiconductors in America Coalition, announced its formation on Tuesday amid a global semiconductor shortage that has caused disruptions throughout the economy. Its members include chip companies like Intel, Nvidia and Qualcomm and companies that rely on semiconductors like Apple, Google, Amazon Web Services, Microsoft, Verizon and AT&T.

The coalition is calling on Congress to provide $50 billion in funding for semiconductor research and manufacturing, which President Biden has proposed as part of his $2.3 trillion infrastructure package.

Loading...

“Leaders from a broad range of critical sectors of the U.S. economy, as well as a large and bipartisan group of policymakers in Washington, recognize the essential role of semiconductors in America’s current and future strength,” said John Neuffer, the president and chief executive of the Semiconductor Industry Association, a trade group that represents semiconductor companies.

In a letter to congressional leaders, the new coalition noted the current shortage of semiconductors and said that in the long term, providing federal funding “would help America build the additional capacity necessary to have more resilient supply chains to ensure critical technologies will be there when we need them.”

The shortage has been acutely felt in the auto industry, forcing carmakers to idle plants. Ford Motor expects the shortage to cause profits to be about $2.5 billion lower this year and to cut vehicle production by about 50 percent in the second quarter.

Loading...

The new coalition does not include any automakers, which have their own ideas for how the government should encourage domestic semiconductor manufacturing. In a letter to congressional leaders last week, groups representing automakers, automotive suppliers and autoworkers expressed support for Mr. Biden’s $50 billion proposal but emphasized the need to increase production capacity for automotive grade chips as part of the effort.

The letter — from the American Automotive Policy Council, the Motor & Equipment Manufacturers Association and the United Auto Workers union — suggested providing “specific funding for semiconductor facilities that commit to dedicating a portion of their capacity to motor vehicle-grade chip production.”

In a letter to congressional leaders last month, technology trade groups argued against setting aside new production capacity for a specific industry, saying that such a move would amount to “unprecedented market interference.”

Loading...

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Technology News Click Here 

Loading...

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechiLive.in is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – admin@techilive.in. The content will be deleted within 24 hours.

Loading...
Leave a comment