Top executives from the world’s leading chipmakers dispersed throughout Washington, D.C., March 23 to seek tens of billions in funding for the semiconductor industry, Politico reported.
“Next year and the year after there will be shortages. We’re going to ship more machines this year than last year and more machines next year than this year," Peter Wennink, CEO of ASML, said March 21, according to ETF Database. "But it will not be enough if we look at the demand curve. We really need to step up our capacity significantly more than 50 percent.”
ASML is the keystone producer of the lithography machines used to make advanced semiconductor chips, ETF Database said.
Intel, Micron, NVIDIA, Qualcomm and Texas Instruments executives, who are on the board of directors at the Semiconductor Industry Association, met with Senate Majority Leader Chuck Schumer (D-N.Y.) and Sens. John Cornyn (R-Texas), Steve Daines (R-Mont.), Mike Crapo (R-Idaho), Roy Blunt (R-Mo.) and Ron Wyden (D-Ore.), Politico reported.
House and Senate China competitiveness bills include $52 billion in subsidies to boost U.S. semiconductor production, according to Politico.
Chipmakers planned meetings with Commerce Secretary Gina Raimondo and U.S. Trade Representative Katherine Tai, Politico reported. Raimondo is the 40th U.S. Secretary of Commerce.
