White House Meeting Highlights Need for Investments in Domestic Semiconductor TechnologyWednesday, Mar 09, 2022, 2:30pm
WASHINGTON—March 9, 2022—The Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer regarding today’s meeting at the White House about the importance of advancing initiatives to strengthen U.S. semiconductor manufacturing, research, and supply chains. The meeting included President Biden, governors, and senior executives from the semiconductor industry and major industries that rely on chips.
“We applaud today’s White House meeting between President Biden, governors, and industry leaders, and we echo their unified call for swift government action to strengthen America’s semiconductor capabilities, U.S. manufacturing, and our supply chains. Semiconductors are foundational to the U.S. economy and to a range of manufacturing sectors in America. Reinforcing U.S.-based semiconductor production and innovation will help secure America’s supply chains for critical, chip-dependent products, boost the United States’ overall manufacturing footprint, and create hundreds of thousands of American jobs.
“It’s time to fund the semiconductor manufacturing and research provisions in the CHIPS Act and enact a version of the FABS Act that includes an investment tax credit for semiconductor manufacturing and design. Getting these initiatives across the goal line will strengthen U.S. leadership in this foundational technology and help America avert future chip shortages.”
The share of modern semiconductor manufacturing capacity located in the U.S. hasdecreasedfrom37%in 1990 to12%today. This decline is largely due to substantial manufacturing incentivesofferedby the governments of our global competitors, placing the U.S. at a competitive disadvantage in attracting new construction of semiconductor manufacturing facilities, or “fabs.” Additionally, federal investment in semiconductor researchhas been flat作为GDP的一部分,而其他政府vested substantially in research initiatives to strengthen their own semiconductor capabilities, and existing U.S. tax incentives for R&D lag behind those of other countries. Furthermore, global semiconductor supply chain vulnerabilitieshave emergedin recent years that must be addressed through government investments in chip manufacturing and research, according to an SIA-BCG study.
A combination of grants, tax credits, and research investments is needed to turbocharge U.S. semiconductor research, design, and manufacturing. Funding the CHIPS Act and enacting a strengthened FABS Act are essential components of this holistic, complementary approach to strengthening America’s semiconductor capabilities over the long term.
Government investments to strengthen U.S.-based semiconductor research, design, and manufacturing have broad support frombusinessleaders(including semiconductor industryleaders), U.S.governors,membersofCongress, national securityexperts, and manyothers.
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