NEMA Commends President Biden for Signing CHIPS Act into Law

National Electrical Manufacturers Association (NEMA) President and CEO Debra Phillips issued the following statement upon President Biden’s signing of the 2022 CHIPS and Science Act:

“The CHIPS legislation signed by President Biden marks another huge step in advancing our domestic capabilities to produce semiconductors, which should provide the electroindustry much-needed chips amid a severe global shortage.”

“America has long been hailed as both a beacon of innovation and stronghold of manufacturing—and the electroindustry is leading the new, U.S. manufacturing renaissance. The CHIPS Act will help enable the electrification of our economy by solidifying our semiconductor supply chain.”

“NEMA thanks the bipartisan members of Congress and President Biden for recognizing the critical importance of semiconductors to the electroindustry in the United States, which will help carve a path forward for America’s technological capabilities to continue to stand as
the best in the world.”

About NEMA
The National Electrical Manufacturers Association (NEMA) represents nearly 325 electrical equipment and medical imaging manufacturers that make safe, reliable, and efficient products and systems. Our combined industries account for 472,000 American jobs in more than 6,100 facilities covering every state. These industries produce $130 billion in shipments and $38 billion in exports of electrical equipment and medical imaging technologies per year. Over the past year, NEMA has supported Congress and the Administration taking decisive action to address supply chain vulnerabilities, including passing legislation to address the semiconductor
shortage.

2022-08-10T08:20:16-05:00