Intel, Micron Ceos To Make Case For U.S. Semiconductor Subsides: Report

The chief executives of Intel and Micron will make the case Wednesday for US government subsidies to boost semiconductor manufacturing before the US Senate Commerce Committee. Intel Chief Executive Officer Pat Gelsinger will tell the committee "there is an urgent need for the federal government to incentivize more private sector investment in the United States to enable a resilient and innovative semiconductor ecosystem," previously unreported testimony viewed by Reuters says. Micron Chief Executive Officer Sanjay Mehrotra says in his written testimony that approving $52 billion for chips "will kick start investment in workforce development, R&D, innovation, and expansion of manufacturing in the near term." A persistent industry-wide shortage of chips has disrupted production in the automotive and electronics industries, forcing some firms to scale back production. Both the Senate and House have passed versions of legislation approving $52 billion in chip subsidies in provisions known as the CHIPS Act but differ on other provisions aimed at boosting U.S. competitiveness with China.

The chief executives of Intel and Micron will make the case Wednesday for US government subsidies to boost semiconductor manufacturing before the US Senate Commerce Committee. Intel Chief Executive Officer Pat Gelsinger will tell the committee "there is an urgent need for the federal government to incentivize more private sector investment in the United States to enable a resilient and innovative semiconductor ecosystem," previously unreported testimony viewed by Reuters says. Micron Chief Executive Officer Sanjay Mehrotra says in his written testimony that approving $52 billion for chips "will kick start investment in workforce development, R&D, innovation, and expansion of manufacturing in the near term." A persistent industry-wide shortage of chips has disrupted production in the automotive and electronics industries, forcing some firms to scale back production. Both the Senate and House have passed versions of legislation approving $52 billion in chip subsidies in provisions known as the CHIPS Act but differ on other provisions aimed at boosting U.S. competitiveness with China.The chief executives of Intel and Micron will make the case Wednesday for US government subsidies to boost semiconductor manufacturing before the US Senate Commerce Committee. Intel Chief Executive Officer Pat Gelsinger will tell the committee "there is an urgent need for the federal government to incentivize more private sector investment in the United States to enable a resilient and innovative semiconductor ecosystem," previously unreported testimony viewed by Reuters says. Micron Chief Executive Officer Sanjay Mehrotra says in his written testimony that approving $52 billion for chips "will kick start investment in workforce development, R&D, innovation, and expansion of manufacturing in the near term." A persistent industry-wide shortage of chips has disrupted production in the automotive and electronics industries, forcing some firms to scale back production. Both the Senate and House have passed versions of legislation approving $52 billion in chip subsidies in provisions known as the CHIPS Act but differ on other provisions aimed at boosting U.S. competitiveness with China.The chief executives of Intel and Micron will make the case Wednesday for US government subsidies to boost semiconductor manufacturing before the US Senate Commerce Committee. Intel Chief Executive Officer Pat Gelsinger will tell the committee "there is an urgent need for the federal government to incentivize more private sector investment in the United States to enable a resilient and innovative semiconductor ecosystem," previously unreported testimony viewed by Reuters says. Micron Chief Executive Officer Sanjay Mehrotra says in his written testimony that approving $52 billion for chips "will kick start investment in workforce development, R&D, innovation, and expansion of manufacturing in the near term." A persistent industry-wide shortage of chips has disrupted production in the automotive and electronics industries, forcing some firms to scale back production. Both the Senate and House have passed versions of legislation approving $52 billion in chip subsidies in provisions known as the CHIPS Act but differ on other provisions aimed at boosting U.S. competitiveness with China.The chief executives of Intel and Micron will make the case Wednesday for US government subsidies to boost semiconductor manufacturing before the US Senate Commerce Committee. Intel Chief Executive Officer Pat Gelsinger will tell the committee "there is an urgent need for the federal government to incentivize more private sector investment in the United States to enable a resilient and innovative semiconductor ecosystem," previously unreported testimony viewed by Reuters says. Micron Chief Executive Officer Sanjay Mehrotra says in his written testimony that approving $52 billion for chips "will kick start investment in workforce development, R&D, innovation, and expansion of manufacturing in the near term." A persistent industry-wide shortage of chips has disrupted production in the automotive and electronics industries, forcing some firms to scale back production. Both the Senate and House have passed versions of legislation approving $52 billion in chip subsidies in provisions known as the CHIPS Act but differ on other provisions aimed at boosting U.S. competitiveness with China.The chief executives of Intel and Micron will make the case Wednesday for US government subsidies to boost semiconductor manufacturing before the US Senate Commerce Committee. Intel Chief Executive Officer Pat Gelsinger will tell the committee "there is an urgent need for the federal government to incentivize more private sector investment in the United States to enable a resilient and innovative semiconductor ecosystem," previously unreported testimony viewed by Reuters says. Micron Chief Executive Officer Sanjay Mehrotra says in his written testimony that approving $52 billion for chips "will kick start investment in workforce development, R&D, innovation, and expansion of manufacturing in the near term." A persistent industry-wide shortage of chips has disrupted production in the automotive and electronics industries, forcing some firms to scale back production. Both the Senate and House have passed versions of legislation approving $52 billion in chip subsidies in provisions known as the CHIPS Act but differ on other provisions aimed at boosting U.S. competitiveness with China.The chief executives of Intel and Micron will make the case Wednesday for US government subsidies to boost semiconductor manufacturing before the US Senate Commerce Committee. Intel Chief Executive Officer Pat Gelsinger will tell the committee "there is an urgent need for the federal government to incentivize more private sector investment in the United States to enable a resilient and innovative semiconductor ecosystem," previously unreported testimony viewed by Reuters says. Micron Chief Executive Officer Sanjay Mehrotra says in his written testimony that approving $52 billion for chips "will kick start investment in workforce development, R&D, innovation, and expansion of manufacturing in the near term." A persistent industry-wide shortage of chips has disrupted production in the automotive and electronics industries, forcing some firms to scale back production. Both the Senate and House have passed versions of legislation approving $52 billion in chip subsidies in provisions known as the CHIPS Act but differ on other provisions aimed at boosting U.S. competitiveness with China.The chief executives of Intel and Micron will make the case Wednesday for US government subsidies to boost semiconductor manufacturing before the US Senate Commerce Committee. Intel Chief Executive Officer Pat Gelsinger will tell the committee "there is an urgent need for the federal government to incentivize more private sector investment in the United States to enable a resilient and innovative semiconductor ecosystem," previously unreported testimony viewed by Reuters says. Micron Chief Executive Officer Sanjay Mehrotra says in his written testimony that approving $52 billion for chips "will kick start investment in workforce development, R&D, innovation, and expansion of manufacturing in the near term." A persistent industry-wide shortage of chips has disrupted production in the automotive and electronics industries, forcing some firms to scale back production. Both the Senate and House have passed versions of legislation approving $52 billion in chip subsidies in provisions known as the CHIPS Act but differ on other provisions aimed at boosting U.S. competitiveness with China.The chief executives of Intel and Micron will make the case Wednesday for US government subsidies to boost semiconductor manufacturing before the US Senate Commerce Committee. Intel Chief Executive Officer Pat Gelsinger will tell the committee "there is an urgent need for the federal government to incentivize more private sector investment in the United States to enable a resilient and innovative semiconductor ecosystem," previously unreported testimony viewed by Reuters says. Micron Chief Executive Officer Sanjay Mehrotra says in his written testimony that approving $52 billion for chips "will kick start investment in workforce development, R&D, innovation, and expansion of manufacturing in the near term." A persistent industry-wide shortage of chips has disrupted production in the automotive and electronics industries, forcing some firms to scale back production. Both the Senate and House have passed versions of legislation approving $52 billion in chip subsidies in provisions known as the CHIPS Act but differ on other provisions aimed at boosting U.S. competitiveness with China.The chief executives of Intel and Micron will make the case Wednesday for US government subsidies to boost semiconductor manufacturing before the US Senate Commerce Committee. Intel Chief Executive Officer Pat Gelsinger will tell the committee "there is an urgent need for the federal government to incentivize more private sector investment in the United States to enable a resilient and innovative semiconductor ecosystem," previously unreported testimony viewed by Reuters says. Micron Chief Executive Officer Sanjay Mehrotra says in his written testimony that approving $52 billion for chips "will kick start investment in workforce development, R&D, innovation, and expansion of manufacturing in the near term." A persistent industry-wide shortage of chips has disrupted production in the automotive and electronics industries, forcing some firms to scale back production. Both the Senate and House have passed versions of legislation approving $52 billion in chip subsidies in provisions known as the CHIPS Act but differ on other provisions aimed at boosting U.S. competitiveness with China.The chief executives of Intel and Micron will make the case Wednesday for US government subsidies to boost semiconductor manufacturing before the US Senate Commerce Committee. Intel Chief Executive Officer Pat Gelsinger will tell the committee "there is an urgent need for the federal government to incentivize more private sector investment in the United States to enable a resilient and innovative semiconductor ecosystem," previously unreported testimony viewed by Reuters says. Micron Chief Executive Officer Sanjay Mehrotra says in his written testimony that approving $52 billion for chips