Biden to press for $37 billion to boost chip manufacturing amid shortfall

February 25, 2021

WASHINGTON (Reuters) – President Joe Biden said on Wednesday he would seek $37 billion in funding for legislation to supercharge chip manufacturing in the United States as a shortfall of semiconductors has forced U.S. automakers and other manufacturers to cut production.

Source: Biden to press for $37 billion to boost chip manufacturing amid shortfall | Reuters

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Micro Technology Group, Inc.