Sinema’s letter follows passage into law of provisions from her bipartisan CHIPS For America Act—legislation boosting American semiconductor manufacturing and her work securing billions of dollars of investments in American semiconductor manufacturing
WASHINGTON – Arizona senior Senator Kyrsten Sinema urged Congressional leaders of both parties to preserve the full $52 billion investment in American semiconductor manufacturing in the United States Innovation and Competition Act, to quickly address America’s severe semiconductor shortage and related supply chain issues.
“Quickly securing this investment will boost American manufacturing, lower the costs of goods Arizonans depend on, and help Arizonans keep more money in their own pockets,” said Sinema, original cosponsor of the bipartisan CHIPS For America Act and member of the Senate Commerce Committee.
Congress will meet in conference to reconcile provisions of the bipartisan United States Innovation and Competition Act. In her bipartisan, bicameral letter, Sinema and her colleagues urge Congressional leaders of both parties to preserve $52 billion for American semiconductor manufacturing currently included in the Senate-passed bipartisan United States Innovation and Competition Act.
From both an economic and national security perspective, it is imperative the United States rapidly expand domestic semiconductor manufacturing capacity. The United States’ global share of semiconductor manufacturing in 1990 was 37%; that number has fallen to an alarming 12% today. Without this investment, the United States risks falling further behind other countries, most notably China. This $52 billion investment, included in the bipartisan CHIPS For America Act law that Sinema is an original cosponsor and helped shape and pass in the Senate, will create a more resilient and domestic semiconductor supply chain which will help prevent future shortages that hurts America’s economy, job losses, more expensive goods, and national security vulnerabilities.
Sinema’s CHIPS For America Act law, which fueled Intel’s $20 billion expansion in Arizona and created thousands of jobs in the state, will help address severe shortages in the semiconductor supply chain and reestablish American leadership in global semiconductor manufacturing.
Click HERE to read Sinema’s letter.