Semi-drivers Association asks the United States Government for 5.000 million dollars in grants to compete with China

From the Semiconductor Industry Association they have asked the United States Government for 5.000 million dollars in grants

The trade war between the United States and China is posing a major problem for tech companies. So much so that the Semiconductor Industry Association asks the United States Government to give them $ 5.000 billion in grants. The idea is to be able to compete against technology companies that receive significant discounts from the Government of China. Among the companies that make up this Association are giants such as Intel, NVIDIA and Micron.

US subsidies to compete with China

There is currently a kind of technological cold war between China and the United States. The United States Government adds tariffs to technological products imported from the Asian giant. To combat this, the Chinese government offers significant tax discounts to its companies. A trade war that impacts the global technology market, because most large companies have factories or work with Chinese factories. All because China has made great strides in improving its facilities, something that puts US dominance in the technological field at risk.

The Semiconductor Association recently received $ 1.500 billion for chip research and development, with a duration of five years. From the Association they have stressed that these amounts are less than expected. They have requested that the funds be increased to $ 5.000 billion and that it reach related areas, such as materials science.

They have also requested changes in immigration procedures. They want to import talent from India and China. Companies want workers to obtain permanent resident status, to make coming to the United States more attractive. All this at a time when the United States has the greatest border control in its history.

A demand that in the short term will allow qualified immigrants to access the country more easily. Importing knowledge from China and India is important and offering them permanent residency is a great incentive. But it is that in the long term it means increasing spending on education so that science and engineering graduates will increase in the country by 2029.

Source: Reuters