Reuters: Nine governors press U.S. lawmakers to pass semiconductor funding bill

Key Points

  • The governors, who include Michigan Democrat Gretchen Whitmer, called on Congress to pass the $52 billion CHIPS Act, which would set aside $2 billion for the kind of older-technology chips of which there is a deep shortage in the automotive industry.

  • The semiconductor funding passed the U.S. Senate earlier this year by 68-32 as part of the broader U.S. Innovation and Competition Act, or USICA. But it has not passed the House of Representatives.