The ongoing global semiconductor shortage has stifled both smartphone and car companies alike. communications and electronics sector spent 15.1% Federal lobbying saw more activity in the third quarter than it did last year. This brings its total for 2021 to a staggering 62 percent. $362.1 million. It was the sector with the highest lobbying spending increase in this quarter.
Semiconductors, also known as semiconductor microchips or semiconductors, are an essential component in electronic devices. The demand for chips in the industry has outstripped the supply over the past year, prompting some chipmakers to increase their U.S. investments.
In March, President Joe Biden called on Congress He will invest $50 billion in semiconductor research and manufacturing. He was awarded $133 million It will be the largest campaign cycle in the history of communications and electronics, making it the fourth highest spending Sector to contribute to his campaign.
Tech company Samsung Tuesday’s announcement by the company was that it would build a semiconductor plant in Taylor, Texas, which is just outside of Austin. One of the world’s largest makers of electronic devices, the company also spent $2.9 million This year, the company spent over $1 million on federal lobbying. The company spent approximately $2.5 million in the third quarter alone. $1.1 million — more than it has any other third quarter in its history.
The electronics manufacturing and equipment industry spent the most in the communications and electronics industry. Its industry associations have lobbyed $135.1 million So far this year. The industry experienced its largest third quarter lobbying spend yet, spending $46.1 million — a nearly $10 million increase from the same period last year.
Other electronics giants are looking to chip-in include IntelIn March, Intel announced that it would build two new factories in Arizona. Intel has spent $4.9 million This year, the federal lobbying budget was only $18 million $1 million this past quarter.
Taiwan Semiconductor Manufacturing Construction began on Arizona facility In June, and has spent $1.7 million on federal lobbying efforts this year — an over $200,000 increase compared to this period last year.
This month, Texas Instruments Sherman, Tex. – Sherman, Tex. – announced plans for new semiconductor plant. The tech company has spent just more than $1 million This year’s lobbying efforts, including tying with the Semiconductor Industry Association, a lobbying group representing the United States semiconductor industry.
Amazon.com The largest client lobbying in communications and electronics, spending a total amount of $15.3 million During the first three quarters in 2021. The Seattle-based company produces its own line Over $1 billion was spent on semiconductor chips $5 million on federal lobbying in the third quarter.
The electronics and communications sector has contributed $20.6 million To members of Congress this past year. Nearly 73% of these funds went to Democrats while 27% went for Republicans. This sector has so far given the most to the Senate Majority leader Chuck Schumer (D-NY), an aggregate of $1.8 million. Sen. Schumer sponsored it United States Innovation and Competition ActThe Senate passed the bill in June. It would allow for investment. $52 billion For domestic semiconductor manufacturing to help decrease U.S. dependence upon foreign semiconductor producers.
Clients from the electronics and communications sector include the telecom internet Industries spent record-breaking amounts on federal lobbying. Telecom services and equipment For a total amount of $26.1 million, it beat its previous third quarters results. $81.5 million This year. The internet industry followed suit, adding $23.2 million to its now. $67.6 million 2021 Federal lobbying total.