Intel, Micron CEOs to make case for U.S. semiconductor subsides: testimony

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Intel Chief Executive Pat Gelsinger will tell the committee “there is an urgent need for the federal government to incentivize more private sector investment in the United States to enable a resilient and innovative semiconductor ecosystem,” testimony viewed by Reuters says.

Micron Chief Executive Sanjay Mehrotra says in his written testimony that approving $52 billion for chips “will kick start investment in workforce development, R&D, innovation, and expansion of manufacturing in the near term.”