This op-ed originally appeared in on October 4, 2022
Everyone loves comeback stories, and the United States is at the beginning of a historic manufacturing comeback right now.
In 1990, the U.S. operated . By 2019, that number had fallen to around 11%. That story of decline is being rewritten.
Just last month, on a new Intel semiconductor manufacturing facility in Licking County, Ohio.
And we expect many other announcements for additional U.S.-based projects.
All this comes on the heels of the president making history last month, when he . This law provides an to increase domestic semiconductor manufacturing capabilities and catalyze research and development to restore U.S. leadership in advanced technologies. Continuing the momentum, President Biden recently took important steps forward to implement the bill through a new executive order.
Across the country, industries reliant on semiconductors—f to —cheered this milestone, and the technology industry was loud among them. The importance of this legislation cannot be overstated: The CHIPS and Science Act ensures the United States can restore domestic production capacity and remain on the cutting-edge of a competitive global economy.
How we got here
Where did chip manufacturing go?
which hardly have an incentive to help the U.S out of its supply chain crisis.
And when the pandemic-era demand for digital services and products spiked alongside production slowdowns, consumers paid the price—or were forced to go without. of the economy, from information and communications technology to healthcare to transportation. The U.S. government and its vendors, particularly in the defense industry, are also large consumers of semiconductors, making resolution of supply constraints .
That’s why the CHIPS Act is so vital. It will help ease these shortages, strengthen the innovation ecosystem, improve national security capabilities, , and maintain America’s competitive edge and technological leadership, while also boosting both and .
But these developments will only come to pass if the law is fully and effectively implemented, which we outlined in a to Commerce Secretary Gina Raimondo.
The explosion in global demand for semiconductors means the only question is where, not whether, production will happen. The spate of recent announcements of new from U.S. and global companies proves that this legislation is already working.
The U.S. must maintain that momentum.
But manufacturing is complex and expensive, and new facilities cost tens of billions of dollars and years of work. With the European Union, South Korea, Taiwan, and China all investing, the U.S. cannot risk falling behind our allies or competitors.
The work is far from done.
Now that the CHIPS and Science Act is law, the U.S. government must bring the same urgency it had for passing the bill to carrying out its implementation, including allocating incentive .
Furthermore, the government can and should help inculcate a qualified, expanding , cooperating openly with allies both foreign and domestic. That will mean significant and , plus other measures to prepare and attract the best and brightest from around the world.
What’s more, strategic investments going forward should be accessible to all capable manufacturers that meet legal requirements, irrespective of their industry specialties or headquarters’ locations. That principle will keep the U.S. competitive, well-supplied, and a good partner to global allies and multisector innovators.
Finally, —meaningfully and carefully—to achieve the trusted, secure, and reliable global semiconductor supply chains we all require. These public–private partnerships are indispensable for protecting national security, supporting innovation, and maintaining economic growth.
Congress still has more work to do to advance the American innovation economy, including for and development by U.S. businesses.
But the CHIPS Act is a vital step toward next-generation manufacturing investments in the U.S., and the 91pro视频 and the tech industry stand ready to support the U.S. government, and we offer our industries’ expertise to ensure the .
We look forward to the continued advancement of U.S. technology leadership and leveraging the world-class American manufacturing base and workforce.
Jason Oxman is president and CEO of the 91pro视频. This opinion article was originally published in .