SEMI applauded the introduction of the Endless Frontier Act (S. 1260) to bolster U.S. semiconductor innovation.
This bipartisan legislation calls for the investment of more than $100 billion in science and technology initiatives to strengthen U.S. capabilities to develop critical technologies, expand the U.S. workforce, and foster federally funded research.
The legislation was introduced in the Senate by Sens. Chuck Schumer (D-N.Y.) and Todd Young (R-Ind.) and a bipartisan group of cosponsors.
“Semiconductors are the bedrock of our digital world, and the Endless Frontier Act will help ensure that critical technologies powered by chips will continue to spur innovation, create jobs, and drive economic growth,” said Ajit Manocha, SEMI president and CEO. “At a time when the impacts of supply chain disruptions are creating headaches in many corners of the U.S. economy, we applaud the introduction of this timely legislation. We look forward to working with Congress and the White House to enact this proposal to strengthen the semiconductor industry.”
Significantly larger public investments in semiconductor research will help drive chip innovation and growth, yielding new technologies that continue to improve our lives, according to SEMI.
The Endless Frontier Act is a key step forward by the federal government to create robust new incentives and public investments in an industry that enables countless technologies, drives innovation in sectors throughout the U.S. economy, and powers the electronic systems essential to critical infrastructure and defense systems, SEMI said.
