Spalter notes that despite the central role of semiconductors, the U.S. capacity to produce them is falling behind other nations. He urges Congress to act now and fully fund the CHIPS for America Act before the end of the year.
Funding the CHIPS Act will enable U.S. operators to build out semiconductor production capacity, and will provide critical support to the Information and Communications Technology (ICT) companies that have kept people connected throughout the pandemic.
America’s share of global semiconductor production has declined from 37% to 12% since 1990.
Congress must act now and fully fund the CHIPS for America Act before the end of the year.