The Semiconductor Industry Association (SIA), Washington, D.C., applauded Congress for enacting the National Defense Authorization Act (NDAA) legislation that includes Title XCIX, \u201cCreating Helpful Incentives to Produce Semiconductors for America,\u201d which authorizes federal incentives to promote semiconductor manufacturing and federal investments in semiconductor research. SIA represents 98 percent of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.<\/p>\n
\u201cEnactment of the NDAA will help propel U.S. economic growth and cement America\u2019s position at the forefront of semiconductor innovation, which is critical to the game-changing technologies of today and the future,\u201d said Bob Bruggeworth, president, CEO, and director of Qorvo and SIA Chair. \u201cThe next step is for leaders in Washington to fully fund the NDAA\u2019s domestic chip manufacturing incentives and research initiatives. Doing so will make America one of the world\u2019s most attractive places to produce this foundational technology.\u201d<\/p>\n
The provisions authorized by the NDAA must still be funded through appropriations made by Congress. SIA and the Boston Consulting Group released a study in September finding robust federal incentives for domestic semiconductor manufacturing would reverse the decades-long trajectory of declining chip production in America and create as many as 19 major semiconductor manufacturing facilities, or fabs, and 70,000 high-paying jobs in the U.S. over the next 10 years.<\/p>\n
A separate SIA report released in June found federal funding for semiconductor research generates an outstanding return on investment for taxpayers, with each additional dollar invested adding $16.50 to U.S. gross domestic product.<\/p>\n
\u201cThe semiconductor provisions in the NDAA will strengthen the U.S. economy, our national security, and our leadership in chips and the many technologies they enable,\u201d said John Neuffer, SIA president and CEO. \u201cWe applaud the leadership and dedication of the provisions\u2019 champions in Congress, a bipartisan group led by Sens. Cornyn, Warner, Cotton, and Schumer in the Senate and Reps. Matsui and McCaul in the House. Now it\u2019s critical for leaders in Washington to put these provisions into action by fully funding them, and we stand ready to work with policymakers to make that a reality.\u201d<\/p>\n
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