Chip buyers, including Apple Inc (NASDAQ: AAPL), Microsoft Corp (NASDAQ: MSFT), Alphabet Inc's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google, have joined chip-makers like Intel Corp (NASDAQ: INTC) to create a new lobbying group to seek $50 billion in Congressional funding for domestic semiconductor production boost under the CHIPS for America Act, Bloomberg reports. The newly created Semiconductors in America Coalition include Amazon.com Inc's (NASDAQ: AMZN) Amazon Web Services, Cisco Systems Inc (NASDAQ: CSCO), Verizon Communications Inc (NYSE: VZ), and AT&T Inc (NYSE: T), Reuters reports.
Big Tech Join Intel To Seek Congressional Funding For Chip Production