Apple lends weight to President Biden's $50 billion U.S. chip subsidies

Iphone Factory China
Iphone Factory China (Image credit: Apple)

What you need to know

  • Apple has joined Microsoft and Google in the Semiconductors in America Coalition.
  • The group is backing President Biden's call for a $50 billion investment in chip manufacturing subsidies.
  • The move comes as the global chip shortage continues to bite.

Apple has joined a newly-formed Semiconductors in America Coalition that is lobbying for a massive investment in chip manufacturing subsidies from the U.S. government.

From Reuters:

Some of the world's biggest chip buyers, including Apple Inc, Microsoft Corp and Alphabet Inc's Google, are joining top chip-makers such as Intel Corp to create a new lobbying group to press for government chip manufacturing subsidies.The newly formed Semiconductors in America Coalition, which also includes's Amazon Web Services, said Tuesday it has asked U.S. lawmakers to provide funding for the CHIPS for America Act, for which President Joe Biden has asked Congress to provide $50 billion.

In a letter to leaders of both houses in Congress, the group said "Robust funding of the CHIPS Act would help America build the additional capacity necessary to have more resilient supply chains to ensure critical technologies will be there when we need them."

In April it emerged that global chip shortages was beginning to impact production of products like the MacBook Air, Macbook Pro, and even Apple's iPad. Apple is still reportedly on track to release the iPhone 13 in September, however. Apple has confirmed it will lose $3-$4 billion in sales in the current quarter as a result.

Stephen Warwick
News Editor

Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design. Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9