Semi applauds initiatives on chip production in the US

Ajit Manocha, President and Ceo of Semi: "The U.S. will be a globally competitive location for new semiconductor equipment."

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Manocha seeds
Ajit Manocha, president and chief executive officer of Semi

Semi applauded the inclusion of initiatives to strengthen U.S. semiconductor manufacturing and research in the Biden administration's jobs plan. In addition to calling on Congress to invest $50 billion in manufacturing and research, in line with the bipartisan CHIPS for America Act, the plan cites semiconductors as a field of interest in the call for an additional $50 billion investment in the National Science Foundation (NSF).

"Reversing the 50% decline in the U.S. share of semiconductor manufacturing capacity over the past 20 years requires bold action, and the Biden administration's support for significant funding to support the industry in its plan for U.S. jobs is an important step forward," said Ajit Manocha, President and CEO of Semi. "Funding the authorized provisions of the CHIPS For America Act and the adoption of an investment tax credit to support investment in the semiconductor supply chain will make the U.S. a globally competitive place for new facilities. The plan's focus on addressing workforce development in the industry is also encouraging."

Earlier this year, Semi and 16 organizations representing the automotive, pharmaceutical, and technology industries had sent a letter to President Biden urging the administration to strengthen domestic semiconductor manufacturing and research. Specifically, they requested funding for initiatives authorized in the CHIPS for America Act and the enactment of a federal investment tax credit (ITC) for manufacturing facilities and equipment.


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