Business groups push Biden to secure CHIPS Act funding

Prominent technology and manufacturing business groups are calling on the president to work with Congress to secure funding for semiconductor manufacturing incentives and to institute a new tax credit for the sector. The groups, in a letter sent to President Biden on Thursday, urged him to help secure funding for the Creating Helpful Incentives to Produce Semiconductors for America Act. The CHIPS Act was passed as part of the fiscal year 2021 National Defense Authorization Act last month, but the...