WASHINGTON - U.S. Senator Amy Klobuchar (D-MN), a member of the Senate Commerce Committee, released the statement below after the President signed into law the CHIPS and Science Act, bipartisan legislation to strengthen domestic semiconductor production and boost American competitiveness and innovation.
“If we want to continue leading the global economy, we must be a country that makes stuff, invents things, and exports to the world,” said Klobuchar. “This bipartisan legislation to increase semiconductor production will bolster our global competitive edge, help strengthen supply chains, and lower costs for consumers. Now that this legislation has been signed into law, we are taking critical steps forward to ensure that our country remains at the forefront of technological innovation for decades to come.”
The CHIPS and Science Act will provide significant resources to:
- Help companies build, expand, or modernize domestic facilities and equipment for semiconductor production;
- Kick start development of the domestic semiconductor workforce and address near-term labor shortages;
- Make the largest five-year investment in public research and development in the nation’s history, including in critical technologies such as artificial intelligence and advanced manufacturing, as well as boosting STEM education and regional technology hubs.
Klobuchar has long led efforts to boost American economic competitiveness and address supply chain vulnerabilities. In June, the Ocean Shipping Reform Act, her bipartisan, bicameral legislation with Senator John Thune (R-SD) to help fix supply chains and ease shipping backlogs was signed into law.
At a Senate Commerce Committee hearing in March, Klobuchar emphasized the importance of investing in domestic semiconductor production to strengthen the resilience of America’s semiconductor supply chains and bolster American innovation.