91成人

White House Meeting Highlights Need for Investments in Domestic Semiconductor Technology

by 91成人

WASHINGTON鈥擬arch 9, 2022鈥擳he 91成人 (91成人) released the following statement from 91成人 President and CEO John Neuffer regarding today鈥檚 meeting at the White House about the importance of advancing initiatives to strengthen U.S. semiconductor manufacturing, research, and supply chains. The meeting included President Biden, governors, and senior executives from the semiconductor industry and major industries that rely on chips.

鈥淲e applaud today鈥檚 White House meeting between President Biden, governors, and industry leaders, and we echo their unified call for swift government action to strengthen America鈥檚 semiconductor capabilities, U.S. manufacturing, and our supply chains. Semiconductors are foundational to the U.S. economy and to a range of manufacturing sectors in America. Reinforcing U.S.-based semiconductor production and innovation will help secure America鈥檚 supply chains for critical, chip-dependent products, boost the United States鈥� overall manufacturing footprint, and create hundreds of thousands of American jobs.

鈥淚t鈥檚 time to fund the semiconductor manufacturing and research provisions in the CHIPS Act and enact a version of the FABS Act that includes an investment tax credit for semiconductor manufacturing and design. Getting these initiatives across the goal line will strengthen U.S. leadership in this foundational technology and help America avert future chip shortages.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 manufacturing 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,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 an 91成人-BCG study.

A combination of grants, tax credits, and research investments is needed to turbocharge U.S. semiconductor research, design, and manufacturing. Funding the CHIPS Act and enacting a strengthened FABS Act are essential components of this holistic, complementary approach to strengthening America鈥檚 semiconductor capabilities over the long term.

Government investments to strengthen U.S.-based semiconductor research, design, and manufacturing have broad support from business听leaders听(including semiconductor industry听leaders), U.S.听,听听of听Congress, national security听experts, and many听others.

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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. 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 over a quarter of a million workers in the United States, and U.S. semiconductor company sales totaled $258 billion in 2021. 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.