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    Blog

    SEMI Applauds Senate Support of Financial Incentives to Grow U.S. Semiconductor Manufacturing

    U.S. share of global semiconductor manufacturing capacity halved to 12% over the past 20 years, forecast to fall to 10% by 2023, SEMI CEO Ajit Manocha said.

    SEMI Applauds Senate Support of Financial Incentives to Grow U.S. Semiconductor Manufacturing
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    Joe Pasetti, VP of Global Public Policy and Advocacy, SEMI07.23.20
    SEMI President and CEO Ajit Manocha voiced his support for amendments the United States House of Representatives and Senate included in the Fiscal Year 2021 National Defense Authorization Act (NDAA) that would authorize important programs to support semiconductor manufacturing and research in the U.S.    “SEMI is very pleased the House and Senate included in the NDAA provisions to support semiconductor manufacturing and research in the United States,” Manocha said. “The U.S. has not kept pace with the growth of semiconductor manufacturing abroad. The U.S. share of global semiconductor manufacturing capacity has been cut in half to just 12% over the past 20 years and is forecast to fall to 10% by 2023. We applaud the sponsors for their support, leadership and hard work to win House and Senate approval to increase federal government support for the industry. However, this is just the start of what needs to be done to reverse this 20-year decline. The CHI

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