Major American technology companies have come up with a way to keep prices on their products low for consumers, The New York Times reports.
Major chip manufacturers in the United States (Intel, Nvidia, and Qualcomm), as well as companies that use chips in their technology (Apple, Google, Amazon Web Services, Microsoft, Verizon, and AT&T), have formed a coalition . They are seeking $ 50 billion in grants from the American government to research and expand the production of semiconductors.
In a letter to Congress, the coalition noted the shortage of semiconductors and said that in the long run, the funding "will help America build a sustainable chip supply chain without disruption."
The shortage of chips is caused by a sharp jump in demand for electronics in the pandemic. During the lockdowns, people around the world bought laptops, smartphones, and household appliances for living and working from home.
The shortage of semiconductors has also hit the global car market. According to The New York Times, the new coalition does not include American automakers. They have already asked the US authorities to financially support semiconductor companies specifically for the engineering industry.
Recall that The US controls more than half of the global semiconductor market .
In February, it was already reported that Biden decided to save the semiconductor industry. At the same time, in March, the US Senate already considered the issue that The United States can allocate $30 billion for the development of semiconductor production.
In addition, the United States will subsidize local battery production and reduce the cost of solar electricity by 60%.
Earlier it was reported that Apple invests in the technological development of the United States and a half of the annual budget of Russia.
