More Than 100 CEOs Urge US Congress to Pass China Competition Bill

More Than 100 CEOs Urge US Congress to Pass China Competition Bill
A researcher plants a semiconductor on an interface board during a research work to design and develop a semiconductor product at Tsinghua Unigroup research center in Beijing on Feb. 29, 2016. Kim Kyung-Hoon/Reuters
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SAN FRANCISCO/WASHINGTON—Chief executives from Alphabet Inc., Amazon.com Inc., and Microsoft Corp. on Wednesday called on Congress to pass legislation aimed at boosting U.S. economic competitiveness against China, including in chip manufacturing.

Those executives and more than 100 others signed a letter urging the U.S. House of Representatives and Senate, which each have passed different versions of the legislation, to reach an agreement and send a bill to President Joe Biden for his signature. Legislators will break for a summer recess in August, after which most observers expect lawmakers to shift their attention to this fall’s midterm elections.