Five Actions Policymakers Should Take to Spur U.S. Innovation

Friday, Sep 26, 2014, 10:00am

by Dan Rosso, Vice President, Communications

In the U.S. semiconductor industry and across the broader tech sector, innovation occurs through the hard work and ingenuity of tech workers and smart public policy from the federal government. Although Congress has adjourned until after the November elections, SIA continues to work to achieve progress on a range of policy initiatives that would boost U.S. innovation, economic strength and global competitiveness. 

This week, SIA submitted recommendations about five such initiatives to the White House’s Office of Science and Technology Policy (OSTP) and National Economic Council (NEC). SIA’s comments were in response to a request for information from the White House as it updates its Strategy for American Innovation.

In the document, SIA urged policymakers to (1) support federal funding for university research; (2) strengthen America’s technology workforce; (3) facilitate open markets; (4) reform the corporate tax system; and (5) safeguard intellectual property. A common theme of these initiatives is that all of them would maintain and accelerate technological advancements.

No industry has a greater reliance on and commitment to the future of American innovation than the U.S. semiconductor industry. With the help of smart public policy, the semiconductor industry can help ensure that America remains at the forefront of innovation.