by Semiconductor Industry Association
State of the Union address, President Obama said, “To help businesses
sell more products abroad, we set a goal of doubling our exports by 2014 -â€”
because the more we export, the more jobs we create here at home.”
just today, when President Obama launched his Advanced Manufacturing
Partnership, he said, â€œIf we want a robust, growing economy, we need a robust,
growing manufacturing sector.â€
statements are worth repeating at a time when job creation and economic growth
is top of mind for policy makers in Washington as well as business leaders and
citizens across the country.
I am proud to say that the SIA represents the nationâ€™s
number one exporting industry, and the semiconductor industry is leading our
nationâ€™s economic recovery. In the five year period from 2005-2009 total
semiconductor exports averaged $48 billion, highest of all exports; and were
$38 billion during the 2009 downturn, second only to petroleum refinery
Considering the industryâ€™s high export numbers there is
still a common misconception that the United States doesnâ€™t make any thing
anymore. That weâ€™ve moved completed away from a manufacturing society in favor
of a knowledge economy. While it is true that the advent of the
microelectronics age fueled by semiconductor innovations has transformed
America into an innovation economy, we still manufacture perhaps the most
advanced durable good known to manâ€”the semiconductorâ€”right here in America.
There are semiconductor companies across the nation that employ
nearly 200,000 highly-skilled workers in the support, design and production of semiconductors.
From Maine to Oregon and almost 20 other states in between the semiconductor
industry is a manufacturing industry at heart. To see the incredibly detailed
and sophisticated semiconductor manufacturing process, check out this video.
What is more compelling is that over the past decade U.S.
share of the market has remained around 50% and 82% of industry sales were
outside the U.S. which accounted for $144 billion in sales in 2010.
combination of a global, high-export industry based largely in the United
States and underpinning the $1.1 trillion technology industry is a prime
example of the types of industries that policymakers should point to as
examples of the way forward. This industry more than any other straddles both
the innovation age where knowledge workers serve as the primary engine while
also embracing the best aspects of Americaâ€™s manufacturing roots. The
semiconductor industry is proof that America and its workers can have both;
that our society can thrive in a global economy. High-paying jobs, significant
annual revenues and increasing exports make the semiconductor industry a model
for American growth.
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