Semiconductor Companies Gear up to Seek Federal Funding to Open U.S. Plants
The Semiconductor Industry Association, the trade group that represents Intel (NASDAQ: INTC) and other U.S. semiconductor companies, plans to lobby the federal government for billions of dollars in funding to build chip plants on U.S. soil, reportsa the Wall Street Journal.
Citing a draft of the proposal put forth by the Semiconductor Industry Association, whose members also include Broadcom, Micron, and AMD, the Association reportedly wants the federal government to offer up $37 billion in funding to states wooing semiconductor companies and for research and development.
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Source Fool.com
