Auto Industry Wants Help In Biden's $50B Semiconductor Plan

By Craig Clough (May 10, 2021, 5:43 PM EDT) -- Three leading U.S auto industry groups representing the major motor vehicle companies, workers and parts suppliers urged leaders in Congress on Friday to include a priority for the industry in a $50 billion proposal by President Joe Biden to strengthen domestic semiconductor production.

The presidents of American Automakers, the Motor & Equipment Manufacturers Association and United Auto Workers said in a letter it is crucial that the plan include money for automotive-grade semiconductors.

The letter comes after Biden's $2 trillion infrastructure plan released in March included $50 billion to increase domestic production of semiconductors, many of which are produced in Asia...

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