Wednesday, Oct 11, 2023, 2:01pm

by Semiconductor Industry Association

WASHINGTON—Oct. 11, 2023—The Semiconductor Industry Association (SIA) as we speak launched the next assertion from SIA President and CEO John Neuffer welcoming the selection of the board of trustees of the National Semiconductor Technology Center (NSTC), a vital entity established by the CHIPS and Science Act of 2022 to advertise U.S. semiconductor analysis and improvement. An impartial choice committee was convened in June of this 12 months to establish and appoint NSTC management.

“We welcome the selection of the NSTC’s initial board of trustees, a distinguished group with extensive and diverse knowledge and experience that will be a tremendous asset in advancing domestic chip research and innovation. Today’s announcement is a significant step toward ensuring swift and effective implementation of the CHIPS and Science Act’s critical R&D provisions. We look forward to working with the NSTC’s board of trustees, its eventual executive leadership and staff, and Secretary Raimondo and other leaders in the Commerce Department to ensure the CHIPS and Science Act delivers maximum benefits to America’s economy, national security, and technological competitiveness.”

SIA and the Boston Consulting Group (BCG) final October launched a report figuring out 5 key areas of the semiconductor R&D ecosystem that ought to be strengthened by the CHIPS Act’s R&D funding. The report, titled “American Semiconductor Research: Leadership Through Innovation,” highlights the significance of government-industry collaboration on the NSTC and the National Advanced Packaging Manufacturing Program (NAPMP). The examine additionally requires CHIPS funding for use to bridge key gaps within the present semiconductor R&D ecosystem to assist pave the way in which for sustained U.S. chip innovation management.

The CHIPS Act’s manufacturing incentives have already sparked substantial investments within the U.S.  In truth, firms within the semiconductor ecosystem have announced dozens of new projects throughout America—totaling greater than $210 billion in non-public investments—because the CHIPS Act was launched. These introduced tasks will create greater than 40,000 jobs within the semiconductor ecosystem and assist lots of of 1000’s of extra U.S. jobs all through this economic system.

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About SIA
The Semiconductor Industry Association (SIA) is the voice of the semiconductor {industry}, one among America’s high export industries and a key driver of America’s financial power, nationwide safety, and international competitiveness. SIA represents 99% of the U.S. semiconductor {industry} by income and almost two-thirds of non-U.S. chip corporations. Through this coalition, SIA seeks to strengthen management of semiconductor manufacturing, design, and analysis by working with Congress, the Administration, and key {industry} stakeholders all over the world to encourage insurance policies that gasoline innovation, propel enterprise, and drive worldwide competitors. Learn extra at www.semiconductors.org.