SIA Applauds CHIPS Act Incentives for Infinera, Corning, Edwards Vacuum, and GlobalFoundries

by Semiconductor Industry Association

WASHINGTON—Jan. 17, 2025—The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer commending a series of CHIPS and Science Act agreements announced by the U.S. Department of Commerce, which will support:

• Construction of a new fab in California and a new advanced packaging and test facility in Pennsylvania for Infinera;
• Expansion of Corning’s High Purity Fused Silica and EXTREME ULE Glass manufacturing facility in New York;
• Construction of a new state-of-the-art dry vacuum pump manufacturing facility in New York for Edwards Vacuum, and
• Expansion of GlobalFoundries’ New York facilities to enable fully integrated wafer manufacturing and advanced packaging.

“We congratulate Infinera, Corning, Edwards Vacuum, and GlobalFoundries for today’s announced agreements, which address key gaps in a wide swath of the U.S. semiconductor supply chain and grow our domestic production capabilities and resilience. These projects will help the U.S. expand our share of global semiconductor manufacturing, promote American technology leadership, and safeguard our economic and national security.  

“A globally competitive U.S. semiconductor industry will allow us to contest global challenges, boost our economy, enhance national security, and lead the technology race of the 21st century. As we look to the future, it will be crucial to support the semiconductor industry with smart government policies that enable us to run faster here at home and abroad. We welcome the opportunity to continue to work with government leaders in the years ahead to achieve our shared goals and rise to the great challenges of our time.”

The CHIPS Act is on track to strengthen American manufacturing, create jobs, boost economic growth, and promote national security. The CHIPS Act’s manufacturing incentives have sparked substantial announced investments in the U.S. In fact, companies in the semiconductor ecosystem have announced 90 new projects across 28 U.S. states—totaling hundreds of billions of dollars in private investments—since the CHIPS Act was introduced and the legislation was authorized during the first Trump administration. These announced projects will create more than 58,000 jobs in the semiconductor ecosystem and support hundreds of thousands of additional U.S. jobs throughout the U.S. economy.

An SIA-Boston Consulting Group report released last May projected the United States will triple its domestic semiconductor manufacturing capacity from 2022—when CHIPS was enacted—to 2032. The projected 203% growth is the largest projected percent increase in the world over that time. The report also projected America will capture over one-quarter (28%) of total global capital expenditures (capex) from 2024-2032.

The U.S. Department of Commerce previously announced incentives for a range of companies and projects that will help strengthen the U.S. semiconductor supply chain.

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Media Contact
Dylan Peterson
Semiconductor Industry Association
812-679-8952
dpeterson@semiconductors.org 

About SIA
The Semiconductor Industry Association (SIA) is the voice of the semiconductor industry, one of America’s top export industries and a key driver of America’s economic strength, national security, and global competitiveness. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Through this coalition, SIA seeks to strengthen leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration, and key industry stakeholders around the world to encourage policies that fuel innovation, propel business, and drive international competition. Learn more at www.semiconductors.org.