The article examines the lobbying efforts surrounding the CHIPS Act, a $52 billion package aimed at boosting domestic semiconductor manufacturing in the United States. It highlights the top lobbying firms and chip companies advocating for the subsidies, including Nvidia, TSMC, Intel, and Samsung. The piece delves into the strategies employed by these firms, such as hiring former government officials and leveraging their connections to influence policymakers. It also explores the potential impact of the CHIPS Act on the global semiconductor supply chain and the ongoing competition between the US and China in this critical industry. The article provides insights into the complex interplay between corporate interests, geopolitics, and government incentives shaping the future of semiconductor manufacturing.
Source: https://www.businessinsider.com/chips-act-top-lobbyists-chip-companies-nvidia-tsmc-intel-2024-11