50+ companies such as Apple and Nvidia, and US officials are anxious, urging Congress to pass the US$52 billion bill soon

Half a year has passed since the bill was introduced.

In April of this year, US President Biden specially convened 10 chip-related companies such as Intel, TSMC, and Samsung to hold an online summit, and proposed at the meeting that it would invest 50 billion US dollars in the chip industry (later changed to 52 billion U.S. dollars) to revive US chip manufacturing.

The latest news shows that this bill, which has been passed in the Senate, is “stuck” in the House of Representatives.

In mid-November, the leaders of the US Senate and the House of Representatives stated that they would negotiate a bill aimed at improving the US’s technological competitiveness against China and the semiconductor manufacturing industry and seek a final agreement, including the US$52 billion chip. bill.

And seeing that 2021 is coming to an end, the passage of the bill is still in the foreseeable future. No, companies are in a hurry, and U.S. officials are also in a hurry.

A few days ago, executives of more than 50 chip-related companies sent a letter to the US Congress urging them to pass the chip bill. They said that this bill will help reduce the United States’ dependence on imported Asian chips and help the United States prevent disruptions in the chip supply chain.

It is understood that this letter was drafted by the American Semiconductor Industry Association and jointly signed by more than 50 executives, including General Motors CEO Mary Bora, Ford CEO Jim Farley, Intel CEO Patrick Gelsinger, NVIDIA CEO Huang Renxun and AMD CEO Su Zifeng and so on.

It is worth noting that in addition to urging Congress to pass the bill as soon as possible, the executives of more than 50 companies also urged the leaders of the US Senate and House of Representatives to pass an independent bill called “FABS”. According to the provisions of the bill, the investment in US chip factories will be used to deduct tax.

At the same time, many government officials and lawmakers, including U.S. Secretary of Commerce Raymondo, also publicly expressed their anxiety that the chip bill has not been passed.

At the end of November, Raimundo made another call during his visit to Michigan, hoping that Congress would approve $52 billion in funding. At that time, she also visited the American Auto Workers Federation and met with Michigan politicians and senior staff of General Motors, Ford Motor and Chrysler’s parent company Stellattis to discuss funding issues before the end of December.

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