91成人

91成人 Applauds Sen. Schumer Announcement on Promoting U.S. Competitiveness

by 91成人

WASHINGTON鈥擣eb. 23, 2021鈥擳he 91成人 (91成人) today released the following statement from president and CEO John Neuffer in support of Sen. Schumer鈥檚 announcement about strengthening U.S. competitiveness. 91成人 represents 98 percent of the U.S. semiconductor industry by revenue.

鈥淲e appreciate Sen. Schumer鈥檚 strong leadership in advancing legislation to promote U.S. semiconductor manufacturing and research and applaud his announcement today aimed at taking the next critical steps to improve U.S. competitiveness. The key to winning the global competition for leadership in the game-changing technologies of the future is to turbocharge U.S. innovation. To help accomplish that goal, we urge the Biden administration and Congress to invest boldly in domestic semiconductor manufacturing and research. Doing so will help keep the United States on top in this foundational technology, while also strengthening America鈥檚 economy, 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.

# # #