91成人

91成人 Applauds CHIPS Act Incentives for Corning and Powerex

by 91成人

WASHINGTON鈥擭ov. 8, 2024鈥斅燭he 91成人 (91成人) today released the following statement from 91成人 President and CEO John Neuffer applauding semiconductor manufacturing incentives announced by the U.S. Department of Commerce for Corning and Powerex.

The incentives, which are part of the CHIPS and Science Act, will supplement company investments in the U.S. that will create jobs, strengthen the economy, and help shore up the domestic semiconductor supply chain. One agreement will promote the expansion of Corning鈥檚 High Purity Fused Silica and EXTREME ULE Glass manufacturing facility in New York. The other agreement will support the modernization and expansion of Powerex鈥檚 semiconductor packaging facility in Pennsylvania.

鈥淭oday鈥檚 announced incentives will help build resiliency in the U.S. semiconductor supply chain and bolster domestic manufacturing, while also advancing America鈥檚 economy, national security, and global competitiveness. Corning鈥檚 expanded facility will produce advanced materials that improve performance and efficiency in semiconductor lithography, enhancing U.S. leadership in this bedrock component of the supply chain.

鈥淧owerex鈥檚 expanded facility will provide crucial U.S. industrial and defense packaging, reinforcing this critical capability on American shores. We applaud Corning and Powerex for investing ambitiously in the U.S. semiconductor supply chain and commend the U.S. Department of Commerce for continuing to diligently advance CHIPS incentives.鈥�

The CHIPS Act is on track to strengthen American manufacturing, create jobs, boost economic growth, and promote national security. The CHIPS Act鈥檚 manufacturing incentives have sparked substantial announced investments in the U.S. In fact, companies in the semiconductor ecosystem have聽announced聽90 new projects聽across 28 U.S. states鈥攖otaling hundreds of billions of dollars in private investments鈥攕ince the CHIPS Act was introduced. These announced projects will create more than 58,000 jobs in the semiconductor ecosystem and support hundreds of thousands of additional U.S. jobs throughout the U.S. economy.

An 91成人-Boston Consulting Group report聽released聽in May projected the United States will triple its domestic semiconductor manufacturing capacity from 2022鈥攚hen CHIPS was enacted鈥攖o 2032. The projected 203% growth is the largest projected percent increase in the world over that time. The report also projected America will capture over one-quarter (28%) of total global capital expenditures (capex) from 2024-2032.

The U.S. Department of Commerce previously announced聽incentives聽for a range of companies and projects that will help strengthen the U.S. semiconductor supply chain.

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91成人 91成人
The 91成人 (91成人) is the voice of the semiconductor industry, one of America鈥檚 top export industries and a key driver of America鈥檚 economic strength, national security, and global competitiveness. 91成人 represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Through this coalition, 91成人 seeks to strengthen leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration, and key industry stakeholders around the world to encourage policies that fuel innovation, propel business, and drive international competition. Learn more at聽www.semiconductors.org.