Giants urging politicians to secure access to semiconductors
The shortage of semiconductors is a global problem for a variety of industries. Apple, Microsoft, Google-owner Alphabet, Amazon, Cisco, HP, Verizon, AT&T, GE and Intel and others have created a lobby group called Semiconductors in America Coalition to put pressure on politicians to act.
One car maker said it was going back to digital speed meters and Apple’s Tim Cook warned that the company’s results later this year could be pushed down by the shortage.
Apple said last month when the company presented its first quarter result that it could lose USD 3 billion to USD 4 billion in sales in the current quarter ending in June because of the chip shortage.
The coalition has asked US lawmakers to support funding for the Chips for America that president Joe Biden has asked Congress to give USD 50 billion, electronicsweekely.com reports.
“Robust funding of the CHIPS Act 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 Coalition says in a letter to Democratic and Republican leaders in the House of Representatives and the Senate.
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