February 24, 2021

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TechNet Statement on President Biden’s Executive Order Calling for a Review of the Semiconductor Supply Chain

Washington, D.C. - TechNet, the national, bipartisan network of innovation economy CEOs and senior executives, today issued the following statement in advance of President Biden’s Executive Order examining America’s supply chains, including semiconductors.  The following statement can be attributed to TechNet President and CEO Linda Moore:

“Technology has powered our country and the world during the pandemic.  As we continue to rely on devices that use semiconductor chips in our pandemic response, the need to increase our chip supply has never been greater.  Chips are needed to run devices that help public health officials, educators, students, families, and our workforce.  They’re also needed to unlock innovation and drive our economic recovery.

“As the President reviews the semiconductor supply chain over the next 100 days, we urge the administration to work with Congress to fully fund the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act to spur chip manufacturing here at home, employ a whole-of-government approach when evaluating the global semiconductor production capacity as it relates to U.S. consumption, and encourage the private sector and government to work together to address any supply chain issues.  The shortage impacts all industries across our economy, and any attempt to alter the supply chain by picking winners and losers will have serious short-term and long-term consequences.

“We thank the President for addressing semiconductor shortages and his leadership on this critical issue impacting all industries.  We look forward to working with the administration on solutions that will drive our economy forward.”

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