Pelosi: Chips Funding Differences Not 'Irreconcilable,' Worth Discussion

Differences in chips funding legislation in the House and Senate aren’t “irreconcilable” and are “worthy of discussion,” House Speaker Nancy Pelosi, D-Calif., said Friday during a news conference at the Lawrence Berkeley National Laboratory in California. She was referencing the House-passed America Creating Opportunities for Manufacturing, Pre-Eminence in Technology and Economic Strength Act (HR-4521) (see 2202040054). Pelosi's office didn’t comment about timing and participants for the conference committee. “We are almost there,” said Rep. Doris Matsui, D-Calif. “We know what we already agree on, which is the majority of it, and there’s some little tweaks” and other differences. “There’s nothing there that’s going to be a deal stopper at all. ... This is going to get done.” The U.S. in 1990 had a 37% global share of semiconductor manufacturing capacity, which has fallen to 12% today, she noted. Since the bill was introduced, similar legislation has passed in Korea, Taiwan, Japan, India and Europe, said Intel CEO Pat Gelsinger: “They want the fabs built on their own soil.”