SEMI applauded the inclusion of initiatives to strengthen U.S. semiconductor manufacturing and research and calls for investment in the Biden Administration’s American Jobs Plan.
In addition to calling on Congress to invest $50 billion in semiconductor manufacturing and research, in line with the bipartisan CHIPS for America Act, the plan lists semiconductors as a field of focus in its call for an investment of another $50 billion 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 bolster the industry in its American Jobs Plan is an important step forward,” said Ajit Manocha, SEMI president and CEO. “Funding the authorized CHIPS For America Act provisions and enacting an investment tax credit to support investment in the U.S. semiconductor supply chain will make the United States a globally competitive location for new semiconductor facilities. The plan’s focus on addressing workforce development in the industry is encouraging as well, as the competition for talent is intensifying to support projected growth.”