Rep. Cindy Axne has voted to increase semi-conductor manufacturing in America to help supply chains create jobs, and save lowans money.
Semiconductors are chips that are now found in a wide range of consumer goods, and are critical to the production of cars, computers, and other electronic goods. Production disruptions over the last couple years have led to shortages in America because only 12 percent of semiconductor chips are manufactured domestically.
The bipartisan Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act is a bold, bipartisan legislative package that returns the U.S. to its status as a world leader in the semiconductor manufacturing industry to shore up their economic and national security.
“I have been pushing for passage of this legislation that will boost American manufacturing and provide more good-paying jobs for Iowans for months,” said Rep. Axne.
“Today I am happy to have voted with my colleagues on both sides of the aisle to deliver these investments in our country for Iowans. Long term investments in research and technology will support American leadership for decades to come. Manufacturing more in America will boost our economy, keep our country secure, and save Iowans money.”
The CHIPS and Science Act includes more than $52 billion for the CHIPS for America Fund to manufacturers to build, expand, or modernize domestic facilities and equipment for semiconductor fabrication, assembly, testing, advanced packaging, or research and development.
The CHIPS and Science Act will provide significant resources to:
- Help companies build, expand, or modernize domestic facilities and equipment for semiconductor production, supporting 100,000 new jobs in America and lowering costs by ending the shortage of chips.
- Support development of next level mobile broadband and wireless technologies.
- Expand investment in public research and development to ensure American leadership in the future, including in critical technologies such as artificial intelligence and advanced manufacturing, as well as boosting STEM education and regional technology hubs.