Chipmakers urge Biden administration to invest in US manufacturing

The effort could help resolve the critical microchip shortage currently hobbling industries from automobiles to video games. It could also address longstanding concerns about shrinking US capacity to produce these crucial electronics components. Industry leaders including Intel (INTC), AMD (AMD) and Qualcomm (QCOM) sent a letter to President Joe Biden Thursday urging him to include funding for semiconductor manufacturing and research in his administration’s plans for economic recovery from the pandemic. “(Semiconductors) 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

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