Semiconductor Industry Association CEO John Neuffer was unfazed by criticism of fully funding the Chips Act to promote long-term leadership and resilience in U.S. chipmaking -- as last week’s White House supply chain report recommended (see our report here). This won't become a handout to wealthy chip companies and will be the incentive the industry seeks to boost U.S. standing in global semiconductors, he said. The U.S. Innovation and Competition Act (S-1260) cleared the Senate last week by “a very strong bipartisan vote” with $52 billion in U.S. chipmaking and R&D incentives, he told an Information Technology and Innovation Foundation webinar Wednesday. “Now the battle goes to the House, and we’re very optimistic that something good is going to come out of that, so that the president will have a bill to sign.” The way that Chips Act funding in S-1260 is structured, “sure, there’s going to be grants involved, but there’s going to be far more investments required from private sector players,” said Neuffer. “These are solid companies that have to have a lot of capital to be able to do these kinds of investments.” The most “leading-edge” fabs cost $30 billion to build, he said. No policymaker should “adopt a goal of decoupling” U.S. chip production from global supply chains that are heavily concentrated in East Asia, said Neuffer. He cited a September SIA-Boston Consulting Group report.
Semiconductor Industry Association CEO John Neuffer was unfazed by criticism of fully funding the Chips Act to promote long-term leadership and resilience in U.S. chipmaking -- as last week’s White House supply chain report recommended (see our report here). This won't become a handout to wealthy chip companies and will be the incentive the industry seeks to boost U.S. standing in global semiconductors, he said. The U.S. Innovation and Competition Act (S-1260) cleared the Senate last week by “a very strong bipartisan vote” with $52 billion in U.S. chipmaking and R&D incentives, he told an Information Technology and Innovation Foundation webinar Wednesday. “Now the battle goes to the House, and we’re very optimistic that something good is going to come out of that, so that the president will have a bill to sign.” The way that Chips Act funding in S-1260 is structured, “sure, there’s going to be grants involved, but there’s going to be far more investments required from private sector players,” said Neuffer. “These are solid companies that have to have a lot of capital to be able to do these kinds of investments.” The most “leading-edge” fabs cost $30 billion to build, he said. No policymaker should “adopt a goal of decoupling” U.S. chip production from global supply chains that are heavily concentrated in East Asia, said Neuffer. He cited a September SIA-Boston Consulting Group report.
Semiconductor Industry Association CEO John Neuffer is unfazed by criticism that fully funding the Chips Act to promote long-term leadership and resilience in U.S. chipmaking -- as last week’s White House supply chain report recommended (see 2106080008) -- will become a handout to wealthy chip companies, not the incentive the industry seeks to boost U.S. standing in global semiconductors, he told an Information Technology and Innovation Foundation webinar Wednesday.
Global semiconductor sales reached $41.8 billion in April, increasing 1.9% from March and 21.7% from April 2020, reported the Semiconductor Industry Association Wednesday. “Global demand for semiconductors remained high in April, as reflected by rising sales across a range of chip products and throughout each of the world’s major regional markets,” said SIA President John Neuffer. “The global chip market is projected to grow substantially in 2021 and 2022 as semiconductors become increasingly integral to the game-changing technologies of today and the future.” Year-over-year sales increased 25.7% in China, 24.3% in Asia Pacific, 20.1% in Europe, 17.6% in Japan and 14.3% in the Americas, said SIA.
Global semiconductor sales reached $41.8 billion in April, increasing 1.9% from March and 21.7% from April 2020, reported the Semiconductor Industry Association Wednesday. “Global demand for semiconductors remained high in April, as reflected by rising sales across a range of chip products and throughout each of the world’s major regional markets,” said SIA President John Neuffer. “The global chip market is projected to grow substantially in 2021 and 2022 as semiconductors become increasingly integral to the game-changing technologies of today and the future.” Year-over-year sales increased 25.7% in China, 24.3% in Asia Pacific, 20.1% in Europe, 17.6% in Japan and 14.3% in the Americas, said SIA.
Revisions to the FCC rules on pro forma assignments and transfers of control should start with a declaratory ruling clarifying existing requirements, and an NPRM on proposals to streamline post-closing procedures to pro forma transactions, the Satellite Industry Association said Tuesday in docket 20-186. "As CTIA and USTelecom have correctly noted, the FCC has ample authority to proceed." SIA said the declaratory ruling would clear up uncertainty about such items as whether non-substantial changes in ownership constitute an assignment or transfer of control that necessitates filings and if pro forma filings are required only if a license is assigned or if a transfer of control affects the licensee's parent.
The Semiconductor Industry Association hired Meghan Biery, previously the senior national security policy adviser at the Bureau of Industry and Security, as director of global technology and security policy, the SIA said in a May 24 news release. “A seasoned policy practitioner with high-level experience in technology security, export control, and related issues, Meghan Biery will be a strong and capable advocate for our industry’s interests in Washington and around the world," SIA CEO John Neuffer said.
The Semiconductor Industry Association hired Meghan Biery, previously the senior national security policy adviser at the Bureau of Industry and Security, as director of global technology and security policy, the SIA said in a May 24 news release. “A seasoned policy practitioner with high-level experience in technology security, export control, and related issues, Meghan Biery will be a strong and capable advocate for our industry’s interests in Washington and around the world," SIA CEO John Neuffer said.
A $50 billion federal “investment program” to “incentivize” chipmaking would add $24.6 billion annually to the U.S. economy and create an average of 185,000 temporary U.S. jobs through 2026, reported the Semiconductor Industry Association and Oxford Economics Wednesday. The six-year buildout would infuse $147.7 billion yearly cumulatively into the U.S. GDP, they said: The federal investment “can be expected to substantially increase the demand for talent within the semiconductor industry.” As more domestic investments in semiconductor R&D and manufacturing come online and increase production, “the industry will need to hire more workers in a range of occupations,” they said. The “enduring positive impact ... is an additional 280,000 new jobs,” with 42,000 of those in the domestic semiconductor industry. “This would boost U.S. semiconductor industry employment to 319,000 and its total jobs impact to 2.13 million in 2027.”
The Senate likely will vote on the Endless Frontier Act next week and should pass the bill before the end of the moth, Majority Leader Chuck Schumer, D-N.Y., said May 13. The bill, which would provide more federal funding and incentives for semiconductor research, has “strong” bipartisan support, Schumer said, and will help maintain U.S. technological leadership over trade competitors, including China. “The Endless Frontier Act would right the ship by making one of the largest investments in American innovation in generations,” Schumer told the Senate.