They sent a collective letter to the country’s authorities.
According to Nikkei Asian Review, in mid-June, leaders of several companies from various industries who are interested in developing the production of semiconductor components in the United States addressed the American parliamentarians in writing. The authors of the letter insist on the early approval of a package of measures providing for subsidizing the American semiconductor industry in the amount of $52 billion.
Image Source: AP
According to the source, the letter was signed by, among others, the heads of Alphabet (Google), Amazon, GM, TSMC, Samsung and Intel. It is known that the CEO of the latter, Patrick Gelsinger, personally visited Washington to negotiate with the country’s authorities. “The rest of the world is not waiting for the approval of the US legislative act,” the market participants said in a collective appeal to American parliamentarians.
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Experts suggest that if the bill is not approved this month, then in the future its fate will be covered with even greater uncertainty. In August, American lawmakers will go on vacation, and in the fall the country will be distracted by midterm elections, and no one will care about lawmaking.