Industry, Commerce plead for CHIPS Act funding amid congressional skepticism

As some lawmakers voice skepticism over implementing an “industrial policy,” the Commerce secretary and a coalition of semiconductor, auto, technology and business groups are pressing congressional leaders to fund the Creating Helpful Incentives to Produce Semiconductors Act. Semiconductors play a critical role in products that “fuel our economy, contribute to American innovation, provide healthcare to patients, and enhance our national security,” the groups said in a letter on Thursday to the top Democrats and Republicans in the House and Senate...