By Chris Teale
March 30, 2022 at 6:00 am ET
After several semiconductor chief executives testified last week in favor of government help to boost domestic chip production amid a worldwide shortage, nearly two-thirds of registered voters in a new Morning Consult/Politico survey said they supported federal assistance for U.S. chip manufacturing.
The worldwide chip shortage forced Apple Inc. to slash production goals for its iPhone last year, and while the company said during its first-quarter earnings call that those constraints appeared to be easing, it is reportedly now planning to cut production due to rising inflation and the crisis in Ukraine.
In the meantime, states have been jockeying for major chip manufacturing facilities in a bid to spur domestic production and create jobs, offering companies tax breaks and other incentives for their plants. Samsung Electronics Co. Ltd. said in November it would build a plant in Taylor, Texas, worth $17 billion, while Intel agreed to potentially invest up to $100 billion to build a chipmaking complex in Ohio.
However, other domestic efforts have run into trouble: Taiwan Semiconductor Manufacturing Co.’s first U.S. plant in Arizona is reportedly up to six months behind in its construction schedule due to labor shortages and the fluctuations of COVID-19.
The March 25-27, 2022, survey was conducted among a representative sample of 2,006 registered voters, with an unweighted margin of error of plus or minus 2 percentage points.