President Biden and Senator Schumer ready semiconductor supply chain initiatives

Majority Leader primes pump for $100 billion in science and technology funding

chip on fire

The US's top democrat signaled a funding commitment to bolster critical areas of the country's tech economy yesterday while the President moved closer to signing an executive order addressing the semiconductor supply chain issues.

During a weekly press conference, Senate Majority Leader Chuck Schumer called for a legislative package to strengthen domestic competitiveness in areas ranging from AI to semiconductors. The legislation would include emergency funding for semiconductor programs initially announced in the National Defense Authorization Act (NDAA).

Schumer based his latest proposal on the Endless Frontiers Act legislation he introduced last year that promised $100 billion to reinvent the National Science Foundation (NSF). That bill would have directed funding to university-based technology research centers pursuing fundamental research across 10 disciplines and channeled $10 billion through the Department of Commerce to regional technology hubs.

On Tuesday, Senator Schumer told reporters he’d directed committees to work on the package and hopes to have a bill ready by the spring.

The Semiconductor Industry Association (SIA) responded positively to Schumer's announcement.

"The key to winning the global competition for leadership in the game-changing technologies of the future is to turbocharge US innovation," it said. "To help accomplish that goal, we urge the Biden administration and Congress to invest boldly in domestic semiconductor manufacturing and research. Doing so will help keep the United States on top in this foundational technology, while also strengthening America’s economy, job creation, national security, and critical infrastructure.”

Last week, the SIA joined a coalition of 16 business groups in urging the President to fund the NDAA's semiconductor manufacturing and research measures. The group also asked for an investment tax credit to help build more domestic semiconductor fabs.

Reports also suggested President Biden will sign an executive order addressing the ongoing semiconductor chip shortage this month, possibly as early as today. Press secretary Jen Psaki flagged that order earlier this month, promising it within weeks. It would explore actions such as improving domestic physical chip production and working with allies to develop a coordinated response to supply chain bottlenecks, Psaki said.

The impending executive order would order 100-day reviews of supply chains across four sets of products, including computer chips and large-capacity batteries, reported The Verge, which expected the order to be signed today.

Hopefully, a federal intervention will help address supply chain issues that have plagued automotive companies in the US with semiconductor shortages and forced several to shut plants. Worsening the problem was this month's winter storm that forced semiconductor companies to halt production.

The president's election campaign pushed hard on domestic tech, promising a $300 billion investment in US-made materials, services, research, and technology.

Featured Resources

Unlocking collaboration: Making software work better together

How to improve collaboration and agility with the right tech

Download now

Four steps to field service excellence

How to thrive in the experience economy

Download now

Six things a developer should know about Postgres

Why enterprises are choosing PostgreSQL

Download now

The path to CX excellence for B2B services

The four stages to thrive in the experience economy

Download now

Recommended

Google secretly gamed its own ad system, lawsuit claims
Policy & legislation

Google secretly gamed its own ad system, lawsuit claims

12 Apr 2021
Apple to send exec to App Store Senate hearing after initially declining
Policy & legislation

Apple to send exec to App Store Senate hearing after initially declining

12 Apr 2021
US limits exports to Chinese supercomputing entities
Policy & legislation

US limits exports to Chinese supercomputing entities

9 Apr 2021
Google adds new compliance and security certifications for Google Cloud
compliance

Google adds new compliance and security certifications for Google Cloud

9 Apr 2021

Most Popular

Microsoft is submerging servers in boiling liquid to prevent Teams outages
data centres

Microsoft is submerging servers in boiling liquid to prevent Teams outages

7 Apr 2021
Hackers are using fake messages to break into WhatsApp accounts
instant messaging (IM)

Hackers are using fake messages to break into WhatsApp accounts

8 Apr 2021
How to find RAM speed, size and type
Laptops

How to find RAM speed, size and type

8 Apr 2021