Apple, Microsoft, Alphabet (Google's parent company), Amazon, Verizon, AT&T and other tech giants are forming a coalition with a common goal: to ask the United States government for subsidies to try to stop the crisis that has taken hold in the chip market. The so-called Semiconductor Coalition in America has declared its support for the CHIPS for America Act, through which President Joe Biden is requesting the approval of a US$50 billion fund by the country's Congress.

“The robust funding from the CHIPS Act would help America build the additional capacity needed to have more resilient supply chains and ensure that critical technologies are there when we need them,” the group said in a joint letter to Republican and Democratic leaders of both the U.S. Senate and House.

The large amount of money obtained through the subsidy would be used to expand chip production capacity in the United States and thus ensure that production at the aforementioned companies is not interrupted. In a report released in early April, Nikkei Asia revealed that the main products of Apple have already started to suffer delays precisely due to the lack of parts for semiconductors.

Ford qProuer monopolize subsidies

The chip crisis has also affected the automotive sector, and for this reason, representatives of car manufacturers have entered the discussion about the subsidies that would be made available through CHIPS for America for the mass production of more semiconductors. Ford, for example, sent an official request for the supply of these chips to be made only to the brand's factories, but the Coalition claims that the government should not favor a single industry.

According to the latest analysis by market experts, the global crisis is expected to last at least until 2022, regardless of the direction taken by the subsidy sought by the coalition formed by technology companies with the United States government. Gina Raimondo, Secretary of the Treasury who took office after Biden's inauguration, gave few clues as to what will be decided at the meeting scheduled for May 20. “We will try to do what we can to alleviate the shortage, but in the long term, the solution is to depend less on China and Taiwan, and to produce more chips in America,” she summarized.

Through which channels you reach those people, classic and out of the box. 9to5Mac

Image: Pexels/Pixabay/CC