Recently, Apple, Microsoft and Google announced that they will join chip maker Intel to form a lobbying group to promote the chip manufacturing sector.
The newly formed Semiconductor Alliance in the US said it asked lawmakers to quickly fund the CHIPS Act. In a letter to the leaders, the coalition wrote: “The strong funding of the CHIPS Act will help the United States build the additional capacity needed for a more resilient supply chain to ensure the technologies important will always be available when we need it.”
The global chip shortage has hit automakers hard, especially Ford, as it said it would have to cut production in half in the second quarter. In the latest move, auto industry groups have pressed the Biden administration to secure chip supplies for manufacturing plants. The new alliance will include a number of large chip companies such as AT&T, Cisco Systems, General Electric, Hewlett Packard Enterprise and Verizon Communications. The group announced that it will resist government actions to support the industry, which is struggling in production because of the chip shortage problem. Tech companies like Apple or Microsoft are also affected by the situation, but much less severely than automakers. Last month, the iPhone maker said it could lose $3 to $4 billion in sales in the current quarter because of chip shortages. According to Reuters
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