Companies such as Nvidia, Intel and Qualcomm have warned that a US pullback could accelerate China s development of an independent chip industry, paving the way to a world dominated by Chinese-created chips rather than American-designed chips.
READOUT: Secretary of the Treasury Janet L Yellen s Meeting with the Semiconductor Industry Association marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.
US chip companies ask Biden for a handout
The SIA has sent a letter to President Joe Biden asking for government support for the semiconductor industry.
Here is the letter:
The White House
Dear Mr. President:
As your administration formulates an economic recovery and infrastructure strategy, the leaders of the U.S. semiconductor industry call on you to include robust funding for semiconductor manufacturing and research.
Semiconductors are critical to the U.S. economy, American technology leadership, and our national security. They enable the technologies needed to realize your Build Back Better goals, including smarter and safer transportation, greater broadband access, cleaner energy, and a more efficient energy grid, while also providing high-paying jobs for Americans and strengthening our advanced manufacturing base. During the pandemic, semiconductor-enabled technologies have aided researchers in developing life-saving vaccines and helped Americans work and learn remotely.