McCaul, Cornyn Host Semiconductor Roundtable with Tech CEOs
Washington, D.C. – Today, Texas Congressman Michael McCaul (R-TX) and Senator John Cornyn (R-TX) hosted a roundtable event with Chief Executive Officers (CEO) from companies who are leaders in the production of advanced semiconductor chips in the United States. Last year, key provisions of McCaul and Cornyn’s CHIPS for America Act were signed into law. The group met to discuss how to increase manufacturing of these advanced chips through federal incentives.
Recently, American news outlets have reported a shortage of semiconductor chips. This could leave America’s supply chain vulnerable to malign foreign actors and threaten our national security. The U.S. is leading in the intellectual property design of these chips but is falling behind in the manufacturing.
“Our semiconductor supply chain is vital to producing the technological innovations of our generation,” said the two Texas lawmakers. “It is extremely important to continue the bipartisan work in Congress to secure our supply chain, especially as the Chinese Communist Party continues to spend tens of billions of dollars to become the global leader in the production of semiconductors. The bipartisan CHIPS for America Act secures U.S. leadership in chip production, while creating high-paying American jobs and growing our economy.”
CEOs from Texas Instruments, AMD , Micron, Qualcomm, GlobalFoundries, International Business Machines, Tower Semiconductor, Infineon, Qorvo, and the Semiconductor Industry Association participated in the virtual roundtable discussion.
The group issued a unified statement following the close of the meeting:
“We are encouraged by the significant bipartisan support in Congress for the CHIPS for America Act. By providing federal funding for vital initiatives, CHIPS can help strengthen America’s semiconductor supply chain and ensure more chips are developed and built on U.S. shores - supporting American workers, our economy, and national security.”
McCaul and Cornyn have advocated for increased federal funding from Congress and will continue to do so as support grows for increased manufacturing of advanced semiconductor chips.