Visit Our Sponsors |
A bill brought by U.S. Senators Rick Scott (R-Fla.) and Gary Peters (D-Mich.) aimed at expanding the country’s domestic semiconductor manufacturing capabilities recently made it through the Senate without opposition.
According to Florida Daily, the bill, dubbed the Securing Semiconductor Supply Chains Act, would allow the U.S. Department of Commerce’s SelectUSA program to develop new strategies to attract foreign investment to the U.S. semiconductor manufacturing sector.
The bill was first brought about by Senator Peters in 2021 with Scott as a co-sponsor, then brought back earlier this year, with Scott again co-sponsoring it.
“In order to remain a global economic powerhouse in the 21st century, we must continue to build on the investments we made in the CHIPS and Science Act to boost U.S. production of semiconductor chips, which we know will dictate the future of technology and innovation,” Peters said after the bill cleared the Senate. “My bipartisan bill would do just that by strengthening our efforts to attract investment in American semiconductor manufacturers as well as their suppliers, reducing our dependence on foreign producers for these critical technologies and creating good-paying jobs here at home.”
The bill is currently being promoted by U.S. Representatives Anna Eshoo (D-Calif.) and Greg Pence (R-Ind.) in the House of Representatives.
“Disruptions in the semiconductor supply chain have impacted nearly every aspect of our economy and the daily lives of Americans,” said Eshoo, who introduced the bill at the start of 2023. “The Securing Semiconductor Supply Chains Act strengthens semiconductor supply chains by requiring federal and state government programs to develop strategies to attract investment in semiconductor manufacturing. I’m proud to introduce this bicameral and bipartisan legislation to onshore chip production and ensure the U.S. maintains its global technological leadership.”
Eshoo’s bill has been sent to the U.S. House Energy and Commerce Committee.
RELATED CONTENT
RELATED VIDEOS
Timely, incisive articles delivered directly to your inbox.