Today, President Biden signed the CHIPS and Science Act, codifying legislation that will strengthen America’s ability to build, expand and modernize semiconductor facilities. In response, SMART released the following statement.
“We commend President Biden for taking swift action and signing the CHIPS and Science Act into law. Not only will the CHIPS and Science Act invest billions of dollars into the semiconductor industry – expanding our national capacity to develop chips and incentivizing companies to increase production – it will mandate that manufacturing to happen in America, and it will support good-paying, union construction jobs by requiring Davis-Bacon prevailing wage rates for facilities built with CHIPS funding. Companies are already responding to the passage of this legislation by making historic investments in American semiconductor manufacturing. SMART members are uniquely qualified to take on this work, and we look forward to taking on that responsibility.”
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