U.S. Secretary of Commerce Gina Raimond speaks at the Office of Foreign Affairs at Georgetown University in Washington, DC, Thursday, February 23, 2023.
Al Drago | Bloomberg | Bloomberg | Getty Images
Against conservative criticism of the Biden administration’s computer chip manufacturing financing terms, the tech industry group Chamber of Progress urged Government to maintain its requirements. Child care provision for workers.
groups count apple, Amazon, Google and meta among them corporate supporterWhile they are not eligible to receive the funding created by the CHIPS and Science Act, Chamber of Progress spokesperson Chris MacKenzie said chip manufacturing is critical to the technology as a whole, so the program should be effective and on time. said it was important to the group thatUS economy
In a letter to Secretary of Commerce Gina Raimond, CNBC, the Progressive Chamber of Commerce and the National Asian/Pacific Islander American Chamber of Commerce and Entrepreneurship argued that competitive interests and fair labor practices are the foundations of the CHIPS Act. wrote that it was necessary to achieve the “magnificent scope” of time and budget.
Mackenzie said the group aims to resist Republican attacks on the so-called awakening in business.In the letter, they argue that incentivizing childcare is good business. It will encourage more women and people of mixed ethnic backgrounds to enter or stay in the chip manufacturing sector, they write.
companies like intel and Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) are among the companies that want to use the funding for plans to build a major chip manufacturing facility in the United States. We have already announced a large project to build. But strings tied to government funding have raised concerns among industry and conservatives.
early this month, wall street journal TSMC reported that it is concerned about rules involving the sharing of retained earnings and providing details about operations. According to The Wall Street Journal, chairman Mark Liu said at an industry event in Taiwan last month that some conditions were “unacceptable” and that “we aim to mitigate these negative impacts, and the United States We will continue to consult with the government,” he added.
Some Republicans also oppose the rule.
Utah Senator Mitt Romney, who supported the bill, said: Associated Press.
But the Department of Commerce argues the rule is necessary to protect taxpayer funds and ensure a stable workforce.
“We cannot meet the national security goals of the CHIPS initiative unless we invest in the workforce. We will stop completely,” Raimondo said. CNN In an interview published in late February. “For decades we have turned a blind eye to manufacturing. We need to be honest about it, but we also need to embrace it as an opportunity to come up with creative solutions.”
This $52 billion law aims to strengthen the U.S. chip manufacturing industry, limit its dependence on other countries, and strengthen the supply chain for critical components used in computers, automobiles and medical devices. .
In Monday’s letter, the Chamber also argued that wage and labor contract requirements serve an important business purpose to control costs and timelines. They applauded a provision barring companies that accept government funding from pursuing share buybacks for five years. They also support policies that require these companies to share more of the surplus revenue they receive after accepting his CHIPS Act funding with the U.S. government than they anticipated in their proposal. bottom.
“Strong transparency and security measures implemented now are the best way to ensure continued political and public support for the programme,” the group wrote.
Watch: Commerce Department sees more than 200 companies interested in CHIPS Act funding