News Snapshot:
Intel Corp. and Micron Technology hiked their lobbying spending to record levels as they pushed Congress to approve billions of dollars in new subsidies. The CHIPS and Science Act, signed into law in August, provides chipmakers with $78 billion in grants and tax breaks to manufacture semiconductors in the U.S. in an effort to lessen the nation’s dependence on foreign-made microchips. Intel Corp. spent $2 million to deploy lobbyists to Capitol Hill, the Pentagon, Commerce Department and President Biden’s office in the third quarter of 2022, according to a report filed with Congress. That’s roughly double the sum Intel spent...
