Giants urging politicians to secure access to semiconductors

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, 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.

Moonshot News is an independent European news website for all IT, Media and Advertising professionals, powered by women and with a focus on driving the narrative for diversity, inclusion and gender equality in the industry.

Our mission is to provide top and unbiased information for all professionals and to make sure that women get their fair share of voice in the news and in the spotlight!

We produce original content, news articles, a curated calendar of industry events and a database of women IT, Media and Advertising associations.

[email protected]

Notify of
Inline Feedbacks
View all comments

    Do you want an experienced opinion on a job issue?
    Moonshot Manager is here to answer!

      Moonshot community sharing thoughts and ideas, in a anonymous, safe environment.