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Tech group urges Biden administration to keep child care requirement for chips funding - TL;DR CNBC

Tech group urges Biden administration to keep child care requirement for chips funding

Publishing timestamp: 2023-05-01 12:00:01


Summary

Tech industry group Chamber of Progress is urging the Commerce Department to maintain its conditions on computer chip-manufacturing funding, which include providing child care for workers. The group's corporate backers, including Apple, Amazon, Google, and Meta, are not the target audience to receive funding created by CHIPS and Science Act, but the group believes that running the program on time is important since chip manufacturing is critical to the entire tech economy in the US. The CHIPS Act's conditions have been criticized by some Republicans and companies, but the Chamber of Progress argues that incentivizing child care is good business and will encourage more women and people from underrepresented racial backgrounds to enter or remain in the chip manufacturing field, which is an essential step for the industry to maintain a robust workforce.


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Keywords: politicstaiwan semiconductor manufacturing co ltdbreaking news: technologyapple incintel corpgovernment and politicssocial issuesunited statesmeta platforms incgina raimondobusiness newspersonnelbreaking news: politicsmobiletechnologyalphabet incsocial mediaamazon.com inc

Source: https://www.cnbc.com/2023/05/01/tech-group-urges-biden-admin-to-keep-child-care-for-chips-funding.html


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