Pelosi, Schumer Urged to Pass Chip-Funding Bill by 21-Industry Group

  • Coalition asks lawmakers to reconcile separate bills
  • Chamber of Commerce, broadband and auto groups among signers
Nancy PelosiPhotographer: Al Drago/Bloomberg
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A group of 21 industry groups aligned with the automotive and technology sectors is calling for Congress to finalize work on a bill to fund increased domestic chip production.

Congress in 2021 authorized federal spending on research and design initiatives to boost domestic chip production and create a subsidy for domestic manufacturers. But the money still needs to be included in an appropriation measure before it can be doled out.