President Biden Highlights Importance of Strong U.S. Semiconductor Supply Chains During State of the Union Address

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The Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer regarding President Biden’s State of the Union address.

“During tonight’s State of the Union address, President Biden highlighted the initial progress made in implementing the landmark CHIPS and Science Act, which is on track to greatly strengthen America’s economy, national security, and semiconductor supply chains. The Commerce Department has taken important early steps to advance CHIPS manufacturing incentives and research investments, and we look forward to seeing continued headway in the weeks and months ahead.

“Companies in the semiconductor ecosystem have announced 80 new manufacturing projects in the U.S. since CHIPS was first introduced in Congress, totaling more than $250 billion in private investments across 22 states. These projects are projected to create 45,000 direct jobs and support hundreds of thousands of additional jobs throughout the U.S. economy.

“We commend President Biden and bipartisan leaders in Congress for their longstanding efforts in support of the CHIPS Act and urge the administration to continue implementing CHIPS in an effective and expeditious manner. We also call on leaders in Washington to enact policies that will grow the STEM talent pipeline, promote U.S. technology leadership, and maintain access to global markets.

“These policies will help ensure the CHIPS Act delivers maximum benefits for U.S. semiconductor production and innovation while also promoting America’s long-term economic and national security.”