Chip bosses write to Pelosi to speed up Chips Act

The US chip industry is getting increasingly edgy about the hold-up in getting the Chips Act implemented.

Although both Houses of Congress passed separate versions of the bill in February, wranglings continue over reconciling the different versions and over where the $52 billion should be allocated , while some Congressmen are having doubts about the value of the whole project.

The SIA has organised a letter to Nancy Pelosi asking for action signed by industry notables.

Here it is:

December 1, 2021

The Honorable Nancy Pelosi Speaker of the House
U.S. House of Representatives Washington, D.C. 20515

The Honorable Charles Schumer Senate Majority Leader
U.S. Senate

Washington, D.C. 20510

The Honorable Kevin McCarthy House Republican LeaderU.S. House of Representatives Washington, D.C. 2051

The Honorable Mitch McConnell Senate Republican Leader
U.S. Senate
Washington, D.C. 2051

Dear Madam Speaker, Leader Schumer, Leader McConnell, and Leader McCarthy:

On behalf of the undersigned business leaders representing major companies behind the products and technologies driving innovation and growth throughout the economy, and supporting millions of jobs for Americans, we call on Congress to take prompt action to fund the “Creating Helpful Incentives for the Production of Semiconductors” (CHIPS) for America Act and enact a strengthened version of the “Facilitating American Built Semiconductors” (FABS) Act to include an investment tax credit for both design and manufacturing.

As you know, semiconductors are essential to virtually all sectors of the economy – including aerospace, automobiles, communications, clean energy, information technology, and medical devices. Unfortunately, demand for these critical components has outstripped supply, creating a global chip shortage and resulting in lost growth and jobs in the economy.

The shortage has exposed vulnerabilities in the semiconductor supply chain and highlighted the need for increased domestic manufacturing capacity.
Funding the CHIPS Act and enactment of a strengthened FABS Act will help meet this long-term challenge by incentivizing semiconductor research, design, and manufacturing in the U.S., thereby strengthening the U.S. economy, national security, supply chain resilience, and increasing the supply of chips so important to our entire economy.

We ask you to prioritize actions to help strengthen the U.S. semiconductor ecosystem. The Senate has already approved funding for CHIPS on a bipartisan basis. The House must now move forward to approve the funding. The chip shortage poses risks to our entire economy and time is of the essence.

Sincerely,

Sundar Pichai
CEO Alphabet Inc.

Dr. Lisa Su
President & CEO AMD, Inc.

Giel Rutten
President & CEO Amkor Technology, Inc.

Renée J. James
Founder, Chairman, and CEO Ampere Computing

Vincent Roche
President & CEO Analog Devices, Inc.

Tim Cook
CEO Apple Inc.

Gary E. Dickerson
President and CEO Applied Materials, Inc.

Peter Wennink
President and CEO ASML

Tom Arseneault
President and CEO BAE Systems Inc.

Michael F. Mahoney
Chairman and CEO Boston Scientific

Mark Brazeal
Chief Legal Officer Broadcom, Inc

John Forsyth
President & CEO Cirrus Logic

Chuck Robbins
Chairman and CEO Cisco Systems, Inc.
Tom Linebarger
Chairman and CEO Cummins Inc.
Michael S. Dell
Chairman and CEO Dell Technologies
Mark Costa
Board Chair and CEO Eastman
James D. Farley, Jr.
President and Chief Executive Officer Ford Motor Company
Kieran Murphy
President & CEO GE Healthcare
Mary T. Barra
Chair and Chief Executive Officer General Motors Company
Dr. Thomas Caulfield
CEO GlobalFoundries, Inc.
Michael Mauser
President & CEO
HARMAN International Industries Inc.
Antonio Neri
President & CEO
Hewlett Packard Enterprise
Enrique Lores
President and CEO HP Inc.
Rick Schostek
Executive Vice President American Honda Motor Co., Inc.
Arvind Krishna
Chairman and CEO IBM Corporation
Bob LeFort
President
Infineon Technologies Americas Corp.
Patrick Gelsinger
CEO
Intel Corporation
Stacy Smith
Executive Chairman Kioxia Corporation
Jim Anderson
President, CEO & Director Lattice Semiconductor
Matt Murphy
President & CEO
Marvell Semiconductor, Inc.
Geoff Martha
CEO & Chairman Medtronic
Sanjay Mehrotra
President & CEO Micron Technology
Satya Nadella
Chairman and CEO Microsoft
Eric Starkloff
President and Chief Executive Officer NI
Kurt Sievers
President & CEO NXP
Jensen Huang
Founder, President and CEO NVIDIA
2

Hassane El-Khoury
President, CEO & Director onsemi
Mike Plisinski
CEO
Onto Innovation
Kurt Walter
President
Polar Semiconductor
Robert Bruggeworth
President & CEO Qorvo
Cristiano Amon
President & CEO Qualcomm Incorporated
Dr. Siyoung Choi
President & GM
Foundry Business, Device Solutions Division Samsung Electronics
Tyson Tuttle
CEO Silicon Labs
Dr. Seok-Hee Lee
President and CEO SK hynix Inc.
Tom Sonderman
President and CEO SkyWater Technology
Liam Griffin
Chairman, CEO and President Skyworks Solutions, Inc.
Carlos Tavares
CEO Stellantis
Aart de Geus and Chi-Foon Chan
Co-CEOs Synopsys
Richard K. Templeton
Chairman, President & CEO Texas Instruments Incorporated
Larry Smith
President
Tokyo Electron U.S. Holdings, Inc.
Tetsuo Ogawa
President and CEO
Toyota Motor North America
Russell Ellwanger
CEO
Tower Semiconductor
Dr. Mark Liu
Executive Chairman TSMC
Hans Vestberg
Chairman and CEO Verizon Communications
Thomas Du Plessis
President and CEO
Volkswagen Group of America Chattanooga Operations, LLC
David Goeckeler
CEO
Western Digital Corporation
Gregg Lowe
President & CEO Wolfspeed, Inc.
Victor Peng
President & CEO Xilinx
Anders Gustafsson
CEO
Zebra Technologies Corporation
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