Let's produce more semiconductor chips in the U.S.
The U.S. has an opportunity to advance its semiconductor production and to lead the world in the manufacture and research of chip technologies
We’re in the middle of a global semiconductor shortage. As a result, supply chains have disrupted everything from car manufacturing to computers and smartphones. As demand for chips increased during the pandemic, supply did not keep up, and now we’re faced with having to decide how to meet demand.
Earlier this month, the board of the Semiconductor Industry Associate (SIA) asked President Biden to invest in domestic chip manufacturing and research. Doing so will fuel economic growth and create jobs, the SIA letter states. This would be a smart move.
It is expected that the Biden administration will review the semiconductor shortage and supply chain issues. A recent executive order signed by the president will create a 100-day review process, which will examine supply chains related to semiconductor manufacturing, among other materials including rare earth metals and electric car batteries. It is a great start.
Over the past few decades, semiconductor supply has mostly kept up with demand, but the pandemic changed that. I believe the future holds more demand for chip technologies as we enter an age of automation, electric self-driving cars, and an increase in employees working from home long term.
The U.S. has an opportunity to advance its semiconductor production and to lead the world in the manufacture and research of chip technologies. We should seize this opportunity by funding manufacturing on a national scale.
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