Washington, D.C. – TechNet, the national, bipartisan network of innovation economy CEOs and senior executives, sent a letter to the U.S. Senate Committee on Commerce, Science, and Transportation in advance of today’s hearing examining the correlation between American competitiveness and semiconductors. The following can be attributed to TechNet Senior Vice President Carl Holshouser:
“Investing in America’s domestic semiconductor capabilities must be a national priority. As we’ve seen during the pandemic, semiconductors play a critical role in enabling the products and services that fuel our economy, contribute to American innovation, provide healthcare to patients, and enhance our national security.
“Passing legislation to spur semiconductor production here at home, like funding the CHIPS Act in the global competitiveness package and the FABS Act, which has been introduced in the House and Senate and TechNet endorses, will help the U.S. meet the ever-growing demand for chip-enabled devices. These investments will help grow our economy and fortify our supply chains, create hundreds of thousands of good jobs across the country, and unleash new private-sector investments and innovations.
“We applaud Chairwoman Cantwell for holding today’s hearing to spotlight the urgent need to develop next-generation technology, like semiconductors, here in the U.S. TechNet will continue to work with Congress and the Biden Administration to implement policies that grow our economy, strengthen national security, and help reclaim America’s global leadership in innovation.”