Semiconductor industry seeks federal assistance

The Post-Star | June 04, 2020

Semiconductor industry seeks federal assistance
The semiconductor industry is seeking a $37 billion financial aid package from the federal government in a bid to reduce the United States' dependance on China for computer chip technology, an idea that has gathered support as the coronavirus pandemic has exposed the dangers of a high-tech trade imbalance with Asia. The Wall Street Journal was the first to report the proposal, which is being prepared by the Semiconductor Industry Association.The aid package, which faces an uncertain fate in Congress, could potentially aid GlobalFoundries and other chip companies operating in New York with billions of dollars in block grants that would be available to states to bolster computer chip manufacturing.

Spotlight

For the first time, in 2020, we see the focus on the “E” and the “S” of environment, social and governance (ESG) as the leading trend globally, including in the United States, where it traditionally has not received as much attention by boards. Indeed, many of the key global trends for 2020, such as board oversight of human capital management (HCM), can be seen as subsets of ESG.

Spotlight

For the first time, in 2020, we see the focus on the “E” and the “S” of environment, social and governance (ESG) as the leading trend globally, including in the United States, where it traditionally has not received as much attention by boards. Indeed, many of the key global trends for 2020, such as board oversight of human capital management (HCM), can be seen as subsets of ESG.

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