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President Biden’s expansive infrastructure proposal includes $50 billion for the American semiconductor industry, whose lobbying efforts have gained momentum amid a global chip shortage and fears that China might be overtaking the U.S. in a critical technology. During a White House meeting with more than a dozen senior executives on Monday, Biden read a letter from 23 senators and 42 House members supporting his proposal to allocate $ 50 billion to manufacturing semiconductor research. Biden said, “Both sides strongly support what we are proposing, and in the area in which I think we will do something for the American people. Now, let me quote the message that says:” The Chinese Communist Party aggressively plans to reorient and control the supply chain of semiconductors. And it depends on how much money they will pump in to be able to do that. “ More than a dozen CEOs participated in the virtual […]