Reuters: Intel, Micron CEOs defend U.S. semiconductor subsidies-EEWORLD

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The chief executives of Intel and Micron will make their case to the U.S. Senate Commerce Committee on Wednesday for the need for U.S. government subsidies to boost semiconductor manufacturing, Reuters reported.

According to previously unreported testimony seen by Reuters, Intel Chief Executive Pat Gelsinger will tell the committee that “there is an urgent need for the federal government to incentivize greater private sector investment in the United States to enable a resilient and innovative semiconductor ecosystem.”

Micron CEO Sanjay Mehrotra said in written testimony that approving $52 billion for the chip industry "will kick-start investments in workforce development, research and development, innovation, and manufacturing expansion in the near term."

The report said that the ongoing chip shortage across the industry has disrupted production in the automotive and electronics industries, forcing some companies to scale back production.

Keywords：Intel Reference address：Reuters: Intel, Micron CEOs defend U.S. semiconductor subsidies

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