President Biden Highlights Importance of CHIPS Enactment During State of the Union Address
Tuesday, Feb 07, 2023, 9:30pm
by Semiconductor Industry Association
WASHINGTON—Feb. 7, 2023—The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer regarding President Biden’s State of the Union Address.
“During tonight’s State of the Union Address, President Biden highlighted last year’s historic enactment of the CHIPS and Science Act, a landmark new law that will greatly strengthen America’s economy, national security, and semiconductor supply chains. Companies in the semiconductor ecosystem have responded enthusiastically since the CHIPS Act was introduced, announcing new projects across America totaling hundreds of billions of dollars in private investments and supporting hundreds of thousands of U.S. jobs.
“We applaud President Biden and leaders in Congress for their tireless work to enact the CHIPS Act and urge the administration to ensure the CHIPS Act is implemented in an effective, efficient, and timely manner. Doing so will maximize the new law’s impact and reinvigorate chip production and innovation in America for many years to come.
“We also look forward to working with leaders in Washington to fortify America’s high-tech workforce, invest in basic research and innovation, and promote free and fair trade and resilient global supply chains.”
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The Semiconductor Industry Association (SIA) is the voice of the semiconductor industry, one of America’s top export industries and a key driver of America’s economic strength, national security, and global competitiveness. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Through this coalition, SIA 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.