Intel and Micron pushing hard for subsidies from the US government

The CEOs of Intel and Micron have appeared before a US senate committee urging the Congress to deliver financial incentives to chip manufacturers by passing the [tortured acronym alert] CHIPS for America act. Intel CEO Pat Gelsinger believes the bill is critical to protect the future of the US semiconductor industry.

Gelsinger (via Reuters) said the passing of the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act is vital to ensure the future of US-based chip manufacturing. Gelsinger cited the importance of reducing reliance on chipmakers in Asia and protecting supply chains, as well as acting as a hedge against global geopolitical instability. Ongoing tensions between China and Taiwan were cited as key reason why the bill should pass. 

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