Skip to content

Intel Spends Record Sum on Lobbying Amid Global Chip Shortage

  • Company’s spending on lobbying creased 65% year-over-year
  • Semiconductor industry spent more than $19 million this year

Intel Corp., one of the major semiconductor companies in the US, spent a record $1.75 million on federal lobbying over the past three months as the chip industry fought to secure billions of dollars in grants and subsidies from Congress.

Intel’s spending on lobbying, which came amid a chip shortage that has choked supply chains around the world, increased 65% from the roughly $1 million the company spent in the second quarter of 2021. The previous high was $1.43 million in the first quarter of this year.