Biden calls for new funding to fight semiconductor shortage in budget request
Among other measures, the White House’s budget request includes $150 million to fund two new manufacturing programs, including one targeting domestic semiconductor manufacturing. It’s the latest effort from the White House to address the ongoing semiconductor shortage, which has stalled supply for consumer items like the PlayStation 5 and halted production at Ford assembly lines.
The “American Jobs Plan,” the sweeping $2 trillion infrastructure package unveiled in March, also included new funding to build domestic chip manufacturing capacity, allocating over $50 billion for investment in the sector. In…