Chamber Signs Onto Coalition Letter in Support of Funding the CHIPS Act
May 12, 2022As stated by the U.S. Chamber of Commerce in organizing this letter, the demand for semiconductors has outstripped supply and approval of funding provisions would help meet this long-term challenge by incentivizing semiconductor research, design, and manufacturing in the United States.
View the full text of the letter below.
TO THE MEMBERS OF THE UNITED STATES CONGRESS:
On behalf of the undersigned chambers of commerce and business organizations from across the United States, we urge you to swiftly complete negotiations on the Bipartisan Innovation Act to fund the Creating Helpful Incentives for the Production of Semiconductors (CHIPS) for America Act and enhanced Facilitating American-Built Semiconductors (FABS) Act. Doing so is critical to America’s workers and our long-term competitiveness.
Semiconductors are essential to nearly every sector of the economy, including aerospace, automobiles, communications, clean energy, information technology, and medical devices. Unfortunately, demand for semiconductors has outstripped supply, partly due to shifts arising from the COVID-19 pandemic. This has created a global chip shortage and resulted in lost growth and jobs, in turn underscoring the need for increased domestic manufacturing capacity.
Approval of funding provisions would help meet this long-term challenge by incentivizing semiconductor research, design, and manufacturing in the United States. This will in turn strengthen the U.S. economy, national security, and supply chain resilience and increase the supply of chips so important to our entire economy.
We urge you to expeditiously enact this important legislation.
Sincerely,
National
Associated Equipment Distributors
Associated Wire Rope Fabricators
Foodservice Equipment Distributors Association
National Independent Automobile Dealers Association (NIADA)
National Waste & Recycling Association
North American Association of Food Equipment Manufacturers (NAFEM)
NTEA – The Association for the Work Truck Industry
State Business Executives
United States Hispanic Chamber of Commerce
U.S. Chamber of Commerce
Alabama
Birmingham Business Alliance
Enterprise Chamber of Commerce
Prattville Area Chamber of Commerce
Alaska
Greater Juneau Chamber of Commerce
Arizona
Arizona Chamber of Commerce and Industry
Buckeye Valley Chamber of Commerce
Carefree Cave Creek Chamber
Chandler Chamber of Commerce
Gilbert Chamber of Commerce
Greater Flagstaff Chamber of Commerce
Greater Florence Chamber of Commerce
Greater Phoenix Chamber
Green Valley Sahuarita Chamber of Commerce & Visitor Center
Mesa Chamber of Commerce
Nogales-Santa Cruz County Chamber of Commerce
Queen Creek Chamber of Commerce
Sierra Vista Area Chamber of Commerce
Tempe Chamber of Commerce
Tucson Metro Chamber
West Valley Chamber Alliance
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Rogers Lowell Area Chamber of Commerce
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Brea Chamber of Commerce
California Chamber of Commerce
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Greater Conejo Valley Chamber of Commerce
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Long Beach Area Chamber of Commerce
Los Angeles Area Chamber of Commerce
Orange County Business Council
Pasadena Chamber of Commerce and Civic Association
Sacramento Metro Chamber of Commerce
San Diego Regional Chamber of Commerce
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Santa Barbara South Coast Chamber of Commerce
Santa Clarita Valley Chamber of Commerce
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Greater Fort Lauderdale Chamber of Commerce
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Orlando Economic Partnership
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Southeast Volusia Chamber of Commerce
Stuart/Martin County Chamber of Commerce
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