According to the Semiconductor Industry Association (SIA), a semiconductor-based research, design, and manufacturing letter from a broad alliance of 59 CEOs and senior managers was sent to the leaders of the US Congress. These 59 CEOs include global leading semiconductor companies such as GlobalFoundries, AMD, Intel, Amkor, Texas Instruments, Analog Devices, Inc., Broadcom, Inc., Cirrus Logic, Infineon, Micron, NXP, NVIDIA, Qualcomm, Skyworks, etc. . The signatories of this letter represent the main sectors of the economy-including chips, automobiles, medical equipment, technology, telecommunications, manufacturing, etc.

SIA pointed out that the letter highlights the need for action on the CHIPS Act and FABS Act to ensure the U.S. is home to more semiconductor production and innovation, which will strengthen America’s economy, national security, and supply chain resilience over the long term.

“Semiconductors form the nerve center of our economy, national security, and critical infrastructure. Fully funding the CHIPS Act and enacting a strengthened FABS Act would provide a critical boost to U.S.-based semiconductor research, design, and manufacturing, while also turbocharging job creation and making our chip supply chains more resilient for years to come,” said John Neuffer, SIA president and CEO. “We applaud the action taken today by CEOs from a range of critical sectors, and we urge Congress to prioritize getting these bipartisan initiatives across the finish line this year.”

To read the letter, click here.