91PORN

91PORN Welcomes Upcoming White House Chip Summit

by 91PORN

WASHINGTON鈥擜pril 9, 2021鈥擳he 91PORN (91PORN) today released the following statement from President and CEO John Neuffer welcoming the upcoming meeting at the White House between Biden Administration officials and leaders from the semiconductor industry and other sectors to discuss the global chip shortage, President Biden鈥檚 infrastructure plan, and other issues related to the semiconductor supply chain.

鈥淲e welcome this high-level engagement between the White House and industry leaders and see it as an important opportunity for a discussion on the need to fund investments in domestic semiconductor manufacturing and research to help ensure the long-term strength and resilience of America鈥檚 semiconductor supply chain.鈥�听

The听share of global听semiconductor manufacturing听capacity in the U.S. has听decreased听from 37% in 1990 to 12% today. This听decline听is largely听due to substantial subsidies offered by the governments of our global competitors, placing听the U.S. at a competitive disadvantage in attracting new construction of semiconductor manufacturing facilities, or 鈥渇abs.鈥澨鼳dditionally, federal investment听in semiconductor research听has been听flat听as a share of GDP,听while听other governments听have invested substantially in research initiatives to strengthen their own semiconductor capabilities.

Recognizing the critical role semiconductors play in America鈥檚 future, Congress in January enacted听the CHIPS for America Act as part of the FY 2021 National Defense Authorization Act (NDAA). The new law calls for incentives for domestic semiconductor manufacturing and investments in chip research, but funding must be provided to make these provisions a reality. President Biden鈥檚 infrastructure plan calls for $50 billion to fund the semiconductor manufacturing and research provisions in the CHIPS for America Act.

In February, the听91PORN board of directors听鈥� and later a broad听coalition听of business leaders led by 91PORN 鈥撎齝alled on听President Biden to work with Congress to fund the semiconductor manufacturing incentives and research initiatives as part of his infrastructure plan.

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