Letter urges swift action to fund the CHIPS for America Act and to enact a strengthened version of the FABS Act
The Semiconductor Industry Association (SIA) today applauded a letter sent this morning to congressional leaders by a broad coalition of 59 CEOs and senior executives urging swift action to fund the CHIPS for America Act and enact a strengthened version of the FABS Act to bolster U.S.-based semiconductor research, design, and manufacturing. The letter’s signatories represent major sectors of the economy — including chip, auto, medical device, tech, telecom, manufacturing, and others — and millions of U.S. workers.
Amid the ongoing global chip shortage, the letter highlights the need for action on the CHIPS Act and FABS Act to ensure the U.S. is home to more semiconductor production and innovation, which will strengthen America’s economy, national security, and supply chain resilience over the long term.
“Semiconductors form the nerve center of our economy, national security, and critical infrastructure. Fully funding the CHIPS Act and enacting a strengthened FABS Act would provide a critical boost to U.S.-based semiconductor research, design, and manufacturing, while also turbocharging job creation and making our chip supply chains more resilient for years to come,” said John Neuffer, SIA president and CEO. “We applaud the action taken today by CEOs from a range of critical sectors, and we urge Congress to prioritize getting these bipartisan initiatives across the finish line this year.”
Today’s letter is the latest in a series of calls from business leaders (including semiconductor industry leaders), U.S. governors, members of Congress, national security experts, and others in support of U.S. government action to strengthen domestic semiconductor research, design, and manufacturing.
Read the article on Semiconductors.org: https://www.semiconductors.org/ceos-of-chip-auto-medical-device-tech-telecom-other-companies-call-on-congress-to-strengthen-u-s-semiconductor-research-design-manufacturing/