Casey Puts Pennsylvania at the Forefront of Semiconductor Investment Opportunities

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U.S. Senator Bob Casey (D-PA) sent a letter to Secretary of Commerce Gina Raimondo making the case for Pennsylvania as an optimal destination for investments made possible by the CHIPS and Science Act. Congress passed the CHIPS and Science Act in 2022 to boost American manufacturing, particularly in the semiconductor industry. As the Commerce Department begins to implement the law and award investments, Pennsylvania’s existing semiconductor manufacturing facilities, world-class research universities, and a robust pipeline of high-skilled workers make the Commonwealth a strong candidate for investment.

“My team and I have been on the road in the Commonwealth, touring semiconductor manufacturing facilities and cutting-edge research institutions, and meeting with the American workers and business leaders at the center of this industry,” Senator Casey wrote. “I am hopeful that semiconductor manufacturers like Infinera—which fabricates advanced optical wafers right in Allentown and whose main competitor is Chinese technology giant, Huawei—could capitalize on CHIPS funding to recapture and secure a critical piece of our supply chain while creating thousands of well-paying American jobs.”

On August 9, 2022, President Joe Biden signed the CHIPS and Science Act into law, ushering in a new era of investment in U.S. semiconductor research and manufacturing. This federal statute provides over $280 billion in additional funding to stimulate domestic production and development of semiconductors. These investments would not only help the United States remain competitive with China in this industry, but also bring greater economic stability to the country as chip suppliers make major commitments to investing and creating jobs as a result of this act’s passage. The act will ultimately channel more than $52 billion in much-needed resources and technology toward exploring semiconductors for scientific advancement — an exciting and necessary step for America’s future.

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The full text of the letter is here.

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