ITI Applauds Senate Progress on the CHIPS Act
WASHINGTON – Today, global tech trade association ITI issued the following statement from its Executive Vice President, Government Affairs Andy Halataei on the U.S. CHIPS Act of 2022:
“Semiconductors play a critical role in the U.S. economy. They are integral to products American consumers rely on every day and support the innovative technologies key to our future security and competitiveness like 5G and artificial intelligence. As the U.S. Secretaries of Commerce and Defense also highlighted recently, boosting domestic semiconductor production will advance U.S. national security. That’s why the United States must immediately continue to expand its investments in semiconductor research, development, and manufacturing in order to stay competitive on the world stage.
“We applaud the Senate for the strong bipartisan vote to move forward with consideration of the CHIPS Act of 2022. This critical legislation funds needed investments to boost the U.S. semiconductor ecosystem, furthers innovation in next-generation wireless networks, creates new U.S. jobs, and bolsters national security. Importantly, the bill also includes initiatives to expand federal research and development and establish regional technology hubs, paving the way for innovative technologies of the future to be developed in communities across the country. Technology companies are ready to make investments and expand in the United States. Congress should give them the certainty they need to move forward by quickly passing the CHIPS Act of 2022.”
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