91成人

Semiconductor Industry Welcomes President Biden鈥檚 Executive Order on Critical Supply Chains

by 91成人

WASHINGTON鈥擣eb. 24, 2021鈥擳he 91成人 (91成人) today released the following statement from Bob Bruggeworth, president, CEO & director of Qorvo and 2021 91成人 board chair, regarding President Biden鈥檚 calling for a review of supply chains of critical products, including semiconductors. 91成人 represents 98 percent of the U.S. semiconductor industry by revenue.

鈥淲e welcome today鈥檚 executive order and stand ready to work with the Biden administration to ensure the strength and resilience of America鈥檚 semiconductor supply chains. As part of this effort, we urge the president and Congress to invest ambitiously in domestic chip manufacturing and research. Doing so will ensure more of the chips our country needs are produced on U.S. shores, while also promoting sustained U.S. leadership in the technology at the heart of America鈥檚 economic strength and job creation, national security, and critical infrastructure.鈥�

The聽share of global聽semiconductor manufacturing聽capacity in the U.S. has聽decreased聽from 37 percent in 1990 to 12 percent today. This聽decline聽is largely聽due to substantial subsidies offered by the governments of our global competitors, which聽have placed聽the U.S. at a competitive disadvantage in attracting new construction of semiconductor manufacturing facilities, or 鈥渇abs.鈥澛燗dditionally, federal investment聽in semiconductor research has been聽flat as a share of GDP,聽while聽other governments聽have invested substantially in research initiatives to strengthen their own semiconductor capabilities.

Recognizing the critical role semiconductors play in America鈥檚 future, Congress recently enacted聽the CHIPS for America Act as part of the FY 2021 National Defense Authorization Act (NDAA). The new law calls for incentives for domestic semiconductor manufacturing and investments in chip research, but funding for these provisions must come through congressional appropriations. Last week, 91成人 and a broad coalition of other business leaders called on President Biden to work with Congress to fund the provisions in the CHIPS for America Act and to enact an investment tax credit to spur greater domestic chip production.

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