Washington, D.C. — TechNet, the national bipartisan network of innovation economy CEOs and senior executives, today joined other leading organizations in a letter to the White House supporting the Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS Act) and funding for semiconductor manufacturing in the United States. The following statement is from TechNet President and CEO Linda Moore:
“The coronavirus pandemic has highlighted the essential role technology plays in the economy and our lives. Technology has powered America during the pandemic by producing personal protective equipment and ventilators, helping scientists discover new drug treatments and research vaccines, reducing barriers to telework options, connecting students and teachers, delivering food, providing emergency transportation, and facilitating contact tracing. None of this work would have been possible without the power of semiconductors. And none of this essential work can continue without semiconductors.
“Technology underpins every sector of our economy. It increases our nation’s ability to create jobs, advances our national security, and bolsters our global competitiveness. As our country builds back better, government funding and production incentives for chip producers will lead to new jobs and economic growth while addressing critical global supply chain issues. That is why we urge the President and Congress to fully fund the CHIPS Act and increase investment in chip manufacturing and research here at home.”