Apple, Google, and others lobby US Congress for $50 billion chip manufacturing subsidies amid global shortage

Apple, Google, and others lobby US Congress for $50 billion chip manufacturing subsidies amid global shortage May 11, 2021 14366 SHARES Tech industry heavyweights including Apple, Microsoft, Alphabet, Amazon, and more are forming a coalition to lobby the US government to fund additional production capacity for chip fabrication. The "Semiconductors in America Coalition" is backing the CHIPS for America Act, in which President Biden is requesting Congress fund for $50 billion. The money will be used to build out additional chip manufacturing capacity in the United States. The main casualty of the global chip shortage is carmakers like Ford, but…