Trade Associations Call for Biden Support of Semiconductor Funding

A broad coalition of trade associations including representatives from the semiconductor manufacturing industry wrote a letter Feb. 18 to President Joe Biden urging him to back the funding for the crucial technology authorized in the CHIPS for America Act in the fiscal year 2021 National Defense Authorization Act. The letter made the groups' case for greater funding for semiconductors and called for an investment tax credit in the upcoming infrastructure and economic recovery proposal. Notable signatories to the letter include the National Association of Manufacturers, SEMI and the Semiconductor Industry Association, as well as the Information Technology Industry Council and the Alliance for Automotive Innovation.