91成人 Applauds CHIPS Act Incentives for Infinera, Corning, Edwards Vacuum, and GlobalFoundries
Friday, Jan 17, 2025, 2:00pm
by 91成人
WASHINGTON鈥擩an. 17, 2025鈥擳he 91成人 (91成人) today released the following statement from 91成人 President and CEO John Neuffer commending a series of CHIPS and Science Act agreements announced by the U.S. Department of Commerce, which will support:
- Construction of a new fab in California and a new advanced packaging and test facility in Pennsylvania for Infinera;
- Expansion of Corning鈥檚 High Purity Fused Silica and EXTREME ULE Glass manufacturing facility in New York;
- Construction of a new state-of-the-art dry vacuum pump manufacturing facility in New York for Edwards Vacuum, and
- Expansion of GlobalFoundries鈥 New York facilities to enable fully integrated wafer manufacturing and advanced packaging.
鈥淲e congratulate Infinera, Corning, Edwards Vacuum, and GlobalFoundries for today鈥檚 announced agreements, which address key gaps in a wide swath of the U.S. semiconductor supply chain and grow our domestic production capabilities and resilience. These projects will help the U.S. expand our share of global semiconductor manufacturing, promote American technology leadership, and safeguard our economic and national security. 听
鈥淎 globally competitive U.S. semiconductor industry will allow us to contest global challenges, boost our economy, enhance national security, and lead the technology race of the 21st century. As we look to the future, it will be crucial to support the semiconductor industry with smart government policies that enable us to run faster here at home and abroad. We welcome the opportunity to continue to work with government leaders in the years ahead to achieve our shared goals and rise to the great challenges of our time.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听announced听90 new projects听across 28 U.S. states鈥攖otaling hundreds of billions of dollars in private investments鈥攕ince the CHIPS Act was introduced and the legislation was authorized during the first Trump administration. 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听released听last 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听incentives听for a range of companies and projects that will help strengthen the U.S. semiconductor supply chain.
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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 www.semiconductors.org.