What only happened? The ongoing semiconductor shortage has prompted a bevy of companies that make and apply chips to course a new lobbying group tasked with pressing the authorities for federal funding that would exist used to accelerate chip research and manufacturing in the US.

The Semiconductors in America Coalition (SIAC) is a cantankerous-sector brotherhood of companies that are putting their differences aside for the greater good. Members include Apple tree, Cisco, Dell, Google, Microsoft, AMD, Intel, IBM, Nvidia, Qualcomm and Samsung, simply to name a few.

The all-encompassing listing of members can be establish over on SIAC's website, just in brusque, virtually every major tech company has signed on.

On its website, the coalition said information technology urges Congress and President Biden to provide $50 billion for the bipartisan Chips for America Act. A printing release on the matter dated May eleven, 2022, reads in function:

"The current shortage of semiconductors is impacting a broad range of industries throughout the economic system. To address this trouble in the brusque term, government should refrain from intervening as industry works to correct the current supply-demand imbalance causing the shortage. But for the longer term, robust funding of the CHIPS Act would assist America build the boosted capacity necessary to have more than resilient supply chains to ensure critical technologies volition be there when nosotros need them."

SIAC further notes that the share of global semiconductor manufacturing chapters in the United states of america has fallen from 37 percent in 1990 to just 12 percent today, largely due to substantial subsidies offered by other countries. Federal investment in semiconductor research has also fallen apartment equally a share of GDP, the coalition said, while other governments are investing heavily to strengthen their own semiconductor capabilities.

Image credit Marco photo, Stratos Brilakis