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Corporate Leaders Push Congress to Speed Semiconductor Aid

  • Apple, Google, Ford, GM among CEOs to pen letter to lawmakers
  • Schumer, Pelosi attempting to pass legislation this year
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CEOs Call on Lawmakers to Speed Chip Aid
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Major corporate leaders including Apple Inc. Chief Executive Officer Tim Cook warned lawmakers that time is running out for them help spur the return of critically important semiconductor manufacturing to the U.S.

Executives from more than 50 U.S. companies in a Wednesday letter called on congressional leaders to pass legislation that provides $52 billion in grants and incentives for domestic chip production, as well as a separate bill to encourage semiconductor design and manufacturing.