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››Auto industry wants help with Biden’s $ 50 billion semiconductor plan

Auto industry wants help with Biden’s $ 50 billion semiconductor plan

By Isaac Lopez
May 10, 2021
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Law360 (May 10, 2021, 5:43 p.m. EDT) – Three major U.S. auto industry groups representing major auto companies, workers and parts suppliers on Friday urged congressional leaders to include an industry priority in a $ 50 billion proposal by President Joe Biden to boost domestic production of semiconductors.

The presidents of American Automakers, Motor & Equipment Manufacturers Association, and United Auto Workers said in a letter that it was crucial that the plan include money for automotive-grade semiconductors.

The letter comes after Biden’s $ 2 trillion infrastructure plan released in March included $ 50 billion to increase domestic production of semiconductors, many of which are produced in Asia.

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