US Senator Charles E. Schumer has announced a $40 million investment in Wolfspeed, a company based in the Mohawk Valley, New York, which is set to create new jobs at the Marcy Nanocenter. Schumer has been advocating for federal investment in the semiconductor industry, as the US currently relies on foreign suppliers for over 80% of its semiconductors, posing a risk to national security. The senator’s advocacy is in line with the proposed Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act which aims to boost the domestic semiconductor industry.
Click on the link below to learn more about this initiative. This development not only holds significant implications for job growth in the Mohawk Valley but also for the larger US semiconductor industry. Stay updated on this critical investment, the CHIPS for America Act, and other important measures being taken to boost domestic production and ensure national security.
