ITI Attends White House Bill Signing for the Chips and Science Act
On August 9, ITI welcomed (opens in a new tab) President Biden’s signing of the CHIPS and Science Act of 2022 (opens in a new tab) into law. Representatives from ITI, Cisco Minthorn (opens in a new tab), Vice President of Government Affairs, and Margaret McCarthy (opens in a new tab), Senior Director of Government Affairs, joined President Biden for the signing ceremony at the White House.
Cisco and Margaret were joined by ITI member companies including AMD, HP, Intel, Samsung, Siemens, Synopsys, TSMC, and VMware. President Biden also highlighted additional ITI member companies, such as Qualcomm and Corning’s Hemlock Semiconductor, in his remarks (opens in a new tab), noting how the measure supports the entire semiconductor ecosystem.
ITI’s Margaret McCarthy and Cisco Minthorn at the signing of the CHIPS and Science Act of 2022 with many ITI member companies, including Samsung America.
Following the event, Cisco spoke with Fox Business from the White House lawn about the importance of industry and government collaboration throughout the law’s implementation, as well as the need to ensure that the U.S. Commerce Department and other agencies to have the resources to implement the law.
ITI’s Cisco Minthorn speaks on Fox Business about the importance of industry and government to collaborate on implementing the bill.
Cisco and Margaret shared additional thoughts on this important milestone for U.S. semiconductor leadership from the White House. Watch below:
See more highlights from the White House event.
This milestone capped off a years-long advocacy effort by ITI to advance policies that strengthen the U.S. semiconductor ecosystem and expand investment in other next generation technologies. Among its efforts, ITI identified investment in domestic semiconductor production as a key priority in its 2022 policy roadmap. In March, ITI’s CEO Jason Oxman published a blog underscoring the need for Congress to pass the measure, highlighting ITI’s letter to lawmakers outlining key priorities to consider as they refined the legislation in conference committee. ITI also named the bill as a “key vote” for lawmakers in the U.S. House of Representatives and U.S. Senate this year.
ITI’s focus now shifts to this landmark law’s implementation, and ensuring the government has the resources and support needed to realize its benefits. Read more about what needs to happen now that the measure is law in a blog by Cisco and Margaret.