WASHINGTON—December 9, 2021—The Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer following a meeting yesterday between U.S. Secretary of the Treasury Janet Yellen and the CEOs and senior executives on the SIA board of directors. Secretary Yellen’s readout of the meeting is available here.

“We greatly appreciated meeting with Secretary Yellen yesterday to discuss advancing policies that will strengthen domestic semiconductor research, design, and manufacturing, spur growth and innovation throughout our economy, and make America’s chip supply chains more resilient. We welcome her support for funding the CHIPS for America Act, which will substantially bolster semiconductor production and innovation in the U.S. We look forward to working with the Secretary and other leaders in the Administration and Congress to fund the CHIPS Act, enact an investment tax credit for semiconductor manufacturing and design, and ensure continued U.S. leadership in this foundational technology.”

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