91成人

91成人 Echoes National Security Leaders鈥� Call for Swift Enactment of Competitiveness Legislation, Including Chip Manufacturing and Research Investments

by 91成人

WASHINGTON鈥擣eb. 1, 2022鈥擳he 91成人 (91成人) today released the following statement from President and CEO John Neuffer in support of a听letter听sent today from top national security leaders to congressional leadership encouraging swift passage of comprehensive, bipartisan competitiveness legislation, which would fund efforts critical to strengthening America’s technological edge and national security, including the CHIPS for America Act.

鈥淪trong domestic semiconductor production, innovation, and supply chains are essential to reinforcing America鈥檚 technological edge and national security, as we work to out-innovate our competitors and maintain our leadership position. 91成人 joins defense and intelligence leaders in urging Congress to swiftly pass legislation investing in domestic chip manufacturing and research and send to the President鈥檚 desk to be signed into law. Doing so will fuel American leadership in the critical, chip-enabled technologies underpinning U.S. national security.鈥�

The听share of modern semiconductor manufacturing听capacity located in the U.S. has听decreased听蹿谤辞尘听37%听in 1990 to听12%听today. This听decline听is largely听due to substantial incentives听offered听by the governments of our global competitors, placing听the U.S. at a competitive disadvantage in attracting new construction of semiconductor manufacturing facilities, or 鈥渇abs.鈥澨鼳dditionally, federal investment听in semiconductor research听has been听flat听as a share of GDP for decades,听while听other governments听have invested substantially in research initiatives to strengthen their own semiconductor capabilities, and existing U.S. tax incentives for R&D lag behind those of other countries. Furthermore, global semiconductor supply chain vulnerabilities听have emerged听in recent years that must be addressed through government investments in chip manufacturing and research, according to a separate 91成人-BCG study.

91成人 also supports a semiconductor investment tax credit, as called for by the听FABS Act, to complement the manufacturing incentives and research investments in the CHIPS Act. Congress is considering separate legislation containing a modified version of the FABS Act to provide an investment tax credit to incentivize semiconductor manufacturing in the United States. 91成人 has called for enacting this legislation and expanding it to cover both semiconductor manufacturing and design.

Recognizing the critical role semiconductors play in America鈥檚 future, Congress in January enacted the CHIPS for America Act as part of the FY 2021 National Defense Authorization Act (NDAA). The law authorized incentives for domestic semiconductor manufacturing and investments in chip research, but funding must be provided to make these provisions a reality. Funding the CHIPS Act, along with enactment of a strengthened FABS Act, are complementary efforts and will help enhance the global competitiveness of the U.S. semiconductor industry.听

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