The Biden administration's top national security and economic advisers met on April 12 with leaders of the semiconductor industry to receive input and generate support for the administration's infrastructure plan, which would provide $50 billion to support domestic chip manufacturing. The administration's effort on semiconductors, which has bipartisan congressional backing, is a response to a shortage of chips and a decline in U.S. chip manufacturing. Addressing the meeting, President Biden noted that other nations, like China, subsidized their domestic semiconductor industry and suggested the U.S. should, to some extent, do the same.
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