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Meet 21 DC power players who shape federal policy for chip companies like Intel, Nvidia, and TSMC [Business Insider]
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations: investors.micron.com
Nvidia, TSMC, and Intel are enhancing government relations amid evolving trade policies. Most heads of government relations and lobbyists are part of the "revolving door." In 2022, Nvidia spent $90,000 on lobbying in Washington. In 2023, that number quintupled to more than $500,000. While Big Tech companies have spent millions lobbying in Washington, DC, on issues such as AI and antitrust regulation, the CHIPS and Science Act, which is set to give out more than $30 billion in incentives funding to chip companies, kicked things into high gear for the semiconductor industry. American manufacturers like Intel and Micron boosted their lobbying funding, while foreign companies like TSMC assembled their DC-based government relations teams in response. And while chip designers like Nvidia and AMD are not direct CHIPS Act funding recipients, they hold an interest in shifting manufacturing dependence on TSMC in case of any geopolitical conflicts in Taiwan. Business Insider reviewed
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