The chip industry has pressed the Biden administration and Congress to take action to fund the provisions of the law. (AP Photo)President Joe Biden said on Wednesday he would seek $37 billion in funding for legislation to supercharge chip manufacturing in the United States as a shortfall of semiconductors has forced U.S. automakers and other manufacturers to cut production. The chip industry has pressed the Biden administration and Congress to take action to fund the provisions of the law. “We urge the president and Congress to invest ambitiously in domestic chip manufacturing and research,” the Semiconductor Industry Association (SIA) said earlier on Wednesday. “I strongly urge Biden administration to prioritize protecting emerging and critical technologies, like semiconductors, from the grasp of the CCP (Chinese Communist Party),” McCaul said in a recent letter.

Source: Indian Express February 25, 2021 03:56 UTC