American Foundries Act of 2020

In an earlier blog post, we talked about developments in the American semiconductor manufacturing industry through the proposal of the “Creating Helpful Incentives to Produce Semiconductors (C.H.I.P.S.) for America Act”. Working towards the same goal, Senators Tom Cotton (R-Ark) and Chuck Schumer (D-N.Y.) have proposed the American Foundries Act of 2020. This Bi-Partisan bill proposes an increase of federal funding for as much as $25 billion dollars for commercial microelectronics manufacturing, defense microelectronics grants and  R&D spending. Additionally, this bill proposes the creation of a subcommittee on the President’s Council on Science and Technology to create reports that “guide and coordinate funding for breakthroughs in next-generation microelectronics research and technology, strengthen the domestic microelectronics workforce, and encourage collaboration between government, industry, and academia.”

Given the state of America right now, this bill is more significant than ever. The bipartisan support for this bill illuminates the importance of boosting American semiconductor chip leadership, regardless of party differences. Implementing this bill would help eliminate the dependence that America has on other countries for the production of semiconductor chips. As these chips pave the way for innovation, it is important for the United States to have a leading position.

With the combination of the proposed C.H.I.P.S. Act and this American Foundries Act, there is a great beam of hope for semiconductor innovation in America. 

2 responses to “American Foundries Act of 2020

Leave a Reply

Your email address will not be published. Required fields are marked *