White House Presses Lawmakers for Passage of Semiconductor Act
- Bill to help build chip plants sought by end of year
- Microchip shortage reverberating through the economy
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The White House is pressing Congress to quickly pass legislation providing $52 billion to help computer chip manufacturers and ease a shortage of the components vital for a range of industries, a National Security Council official said Thursday.
“We are doing everything we possibly can to get CHIPS Act across the finish line before the end of the year,” said Peter Harrell, senior director for international economics and competitiveness, at an online event on semiconductor supply difficulties that was sponsored by the AT&T Policy Forum.