SIA Asks for ‘Timely’ Implementation of Chips Act, ‘Open Access’ to Markets
As the Biden administration this week marked the one-year anniversary of the enactment of the Chips Act, which provides incentives and funding opportunities for the chips sector, the semiconductor industry urged the White House and lawmakers to keep foreign markets open and “advance policies that enhance this historic accomplishment.”
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John Neuffer, CEO of the Semiconductor Industry Association, said in a statement that the U.S. should focus on implementing the new law in a “timely manner” and in “close collaboration with industry experts.” He also warned against broad export restrictions, saying the U.S. should ensure “the chip industry has open access to global markets.” Although “no funds have been distributed yet,” chip companies have already announced “dozens” of new projects in the U.S., Neuffer said Aug. 9. “Working together, we can maximize the new law’s impact and unleash the full potential of semiconductor innovation for many years to come.”