U.S. Sens. Marsha Blackburn (R-TN), Gary Peters (D-MI), and Rick Scott (R-FL) recently praised Senate advancement of legislation that seeks to expand domestic semiconductor chip manufacturing.
The Securing Semiconductor Supply Chains Act would direct the Department of Commerce’s SelectUSA program, in accordance with federal agencies and state economic development organizations, to develop strategies attracting investment in domestic semiconductor manufacturers and supply chains.
“The recent global chip shortage put American medical equipment, computer, and car supply chains on hold,” Blackburn said. “The passage of the Securing Semiconductor Supply Chain Act in the Senate gets us one step closer to making existing resources available to producers of semiconductor equipment. This work is essential to decreasing our reliance on companies controlled by the Chinese Communist Party, restoring global supply chains, and boosting manufacturers in Oak Ridge and Nashville, Tennessee.”
Peters said the ongoing semiconductor chip shortage has caused major disruptions for Michigan’s manufacturers and automakers, further exposing overreliance on foreign producers.
“By boosting our semiconductor manufacturing capabilities and driving investments in American manufacturing, this legislation will bolster our domestic supply chains and strengthen our global economic competitiveness,” Peters said. “I was proud to author this bipartisan bill and see it passed in the Senate – and I urge my colleagues in the House to take swift action to get it signed into law as soon as possible.”