America faces a serious economic and national security risk when it comes to the development and manufacturing of semiconductor chips that are integral to daily life in the modern world.
A strong bipartisan majority of Congress understands this and has rightly acted to boost the semiconductor industry domestically. But the job isn’t done, and we are writing to urge Congress to make sure it does get done.
In most circumstances, we are skeptical of government directly subsidizing industry with cash infusions. In this case, it is essential to the nation’s future and to global security for democracies.
