A bipartisan group of over 30 lawmakers on Thursday sent a letter to House Speaker Nancy Pelosi (D-Calif.) and Minority Leader Kevin McCarthy (R-Calif.) warning them of the “dire consequences” the automotive industry faces if they fail to swiftly advance legislation that would provide $52 billion in funding for semiconductor chips, including $2 billion set aside for chips used by automakers. A total of 38 lawmakers signed the letter, led by Reps. Debbie Dingel (D-Mich.) and Fred Upton (R-Mich.), urging them to immediately set a path for advancing legislation to fully fund the Creating Helpful Incentives for the Production of Semiconductors (CHIPS) for America Act. A chip shortage within the auto industry was created after chip companies began diverting their production to computers and tablets, where demand was soaring, as the demand for autos fell during the early stages of the CCP (Chinese Communist Party) virus pandemic. The Senate voted 68–32 in June to …https://www.theepochtimes.com/c-us-politics


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