Apple lends weight to President Biden's $50 billion U.S. chip subsidiesApple joins Microsoft and Google as part of the Semiconductors in Amerca Coalition.
What you need to know
Apple has joined Microsoft and Google in the Semiconductors in America Coalition.
The group is backing President Biden's call for a $50 billion investment in chip manufacturing subsidies.
The move comes as the global chip shortage continues to bite.
Apple has joined a newly-formed Semiconductors in America Coalition that is lobbying for a massive investment in chip manufacturing subsidies from the U.S. government.
From Reuters:
Some of the world's biggest chip buyers, including Apple Inc, Microsoft Corp and Alphabet Inc's Google, are joining top chip-makers such as Intel Corp to create a new lobbying group to press for government chip manufacturing subsidies.
The newly formed Semiconductors in America Coalition, which also includes Amazon.com's Amazon Web Services, said Tuesday it has asked U.S. lawmakers to provide funding for the CHIPS for America Act, for whic...
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Apple lends weight to President Biden's $50 billion U.S. chip subsidies
