U.S. Chip Industry Urges Biden to Support Domestic Production & Cites Danger of Losing Edge in Technology Leadership in AI, 5G and Quantum Computing

(Bloomberg) The chief executive officers of chip companies including Intel Corp., Qualcomm Inc. and Advanced Micro Devices Inc. urged U.S. President Joe Biden to support domestic production and stop the country from losing its edge in innovation. They warned, ““Our technology leadership is at risk in the race for preeminence in the technologies of the future, including artificial intelligence, 5G/6G, and quantum computing.”
The Semiconductor Industry Association to Biden to included “substantial funding for incentives for semiconductor manufacturing, in the form of grants and/or tax credits” in his administration’s stimulus package.
The U.S. has historically shied away from tax breaks and other major government support for the industry, but some politicians have become concerned about the loss of these technical skills.