U.S. lawmakers urge speedy action on U.S semiconductor chips funding - Reuters

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An Intel Tiger Lake chip is displayed at an Intel news conference during the 2020 CES in Las Vegas, Nevada, U.S. January 6, 2020. REUTERS/Steve Marcus

WASHINGTON, Oct 21 (Reuters) - A bipartisan group of 38 U.S. House lawmakers on Thursday urged leaders in Congress to immediately set a path to advance legislation providing $52 billion for U.S. semiconductor production including $2 billion in support for chips used by the automotive industry.

The U.S. Senate voted 68-32 in June to approve a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology, including providing $52 billion for chips, but the measure has stalled in the House.

The House lawmakers in a letter warned of the "dire consequences the automotive industry as a whole—and the nation—faces if we fail to advance legislation soon."

Reporting by David Shepardson

Our Standards: The Thomson Reuters Trust Principles.

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