The SEMI industry association, which includes top memory chip manufacturers Micron, Samsung, and SK hynix, has written a letter to the Trump administration urging against any type of intervention in the memory market that would influence prices or production capacity, saying that it will worsen the shortage. According to Bloomberg , the group sent the letter after a lawmaker sent a letter (PDF) asking the Commerce Department to address the issue as the situation is projected to impact the auto industry. Go deeper with TH Premium: Memory Sen. Bernie Moreno (R-Ohio) wrote to Commerce Sec. Howard Lutnick in April, asking the government to take steps “to ensure that the U.S. auto industry is fully supplied with memory chips.” However, the industry group is against this. “While targeted policies can support accelerating domestic supply resilience, interventions that distort pricing or capacity decisions risk prolonging the demand downturn,” SEMI said in its message to the government.…