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91成人 Applauds Introduction of Endless Frontier Act to Advance U.S. Technology Leadership

by 91成人

WASHINGTON鈥擜pril 20, 2021鈥擳he 91成人 (91成人) today applauded congressional introduction of the Endless Frontier Act (S.1260), bipartisan legislation that seeks to maintain and build on U.S. science and technology leadership 鈥� including in semiconductors 鈥� by restructuring the National Science Foundation and authorizing more than $100 billion for science and technology initiatives. The legislation was introduced in the Senate today by Sens. Chuck Schumer (D-N.Y.) and Todd Young (R-Ind.) and a bipartisan group of cosponsors. 91成人 represents 98% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.

鈥淪emiconductors are fundamental to America鈥檚 economy, national security, and global competitiveness, and the country that leads in chip technology will have a big leg up in deploying the game-changing technologies of the future,鈥� said John Neuffer, 91成人 president and CEO. 鈥淲e applaud introduction of the Endless Frontier Act and thank its sponsors for their bipartisanship and leadership in promoting American innovation and competitiveness, and we look forward to working with the Biden administration and Congress to further this effort by investing boldly in domestic semiconductor manufacturing and research.鈥�

The Endless Frontier Act is an important part of a series of competitiveness measures needed to reinforce U.S. leadership in critical technologies, including semiconductors.聽The聽share of global聽semiconductor manufacturing聽capacity in the U.S. has聽decreased聽from 37% in 1990 to 12% today, according to a report by 91成人 and the Boston Consulting Group (BCG). This聽decline聽is largely聽due to substantial subsidies offered by the governments of our global competitors, placing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聽has been聽flat聽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 in January 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 must be provided to make these provisions a reality.

The 91成人/BCG report found a $50 billion federal investment in domestic semiconductor manufacturing incentives would reverse the trajectory of declining chip production in America and create as many as 19 major semiconductor manufacturing facilities, or fabs, and 70,000 direct high-paying jobs in the U.S. over the next 10 years, which by 91成人 calculations could create roughly an additional 350,000 indirect jobs throughout the economy (for a total of over 400,000 direct and indirect jobs).

President Biden聽has called for $50 billion to fund the semiconductor manufacturing and research provisions in the CHIPS for America Act.聽In February, the聽91成人 board of directors聽鈥� and later a broad聽coalition of business leaders led by 91成人 鈥撀燾alled on聽President Biden to work with Congress to fund the semiconductor manufacturing incentives and research initiatives .

Earlier this month, 91成人 and BCG released a new report examining the global semiconductor supply chain and outlining government actions needed to strengthen it, including enacting federal investments in semiconductor manufacturing and research.

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91成人
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The 91成人 (91成人) is the voice of the semiconductor industry, one of America’s top export industries and a key driver of America鈥檚 economic strength, national security, and global competitiveness. Semiconductors 鈥� the tiny chips that enable modern technologies 鈥� power incredible products and services that have transformed our lives and our economy. The semiconductor industry directly employs nearly a quarter of a million workers in the United States, and U.S. semiconductor company sales totaled $208 billion in 2020. 91成人 represents 98 percent 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.