US Senate Majority Leader, Chuck Schumer, made remarks regarding a new report that suggests the US can triple its chip manufacturing capacity, following the passage of the landmark Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act. Schumer emphasized the importance of the CHIPS Act and the Endless Frontier Act, both of which are key to the US Innovation and Competition Act. The legislation aims to counter the economic and military threat from China by investing billions in the US semiconductor industry, which is critical for national security and competitiveness.
Click on the link below to learn more about the steps the US Senate is taking to secure the country’s technological future. Understand how proposed legislation is designed to boost the domestic semiconductor industry and the potential impact of these policies on the economic and national security of the United States.
