BRUNSWICK, ME – U.S. Senator Angus King (I-Maine), Co-Chair of the Senate Semiconductor Caucus, today applauded President Joe Biden signing the bipartisan CHIPS for America Act, a historic investment in the United States’ leading-edge technology manufacturing and scientific innovation. Combined with Senator King’s just passed semiconductor permitting reform bill, these two efforts reduce America’s reliance on China and will help spur a massive, rapid expansion in the domestic production of semiconductors and advanced technologies.

“There are few technologies more fundamental in the 21st century than semiconductors – they’re an essential part of the cars we drive, the houses we live in, and the defense systems that protect our nation,” said Senator King. “Today, the United States took a significant step to produce these modern building blocks at home and reduce our nation’s reliance on foreign competitors. The just-signed CHIPS for America Act will make a massive investment in the domestic production and development of the semiconductors critical to our national security and economy. Combined with my recently passed semiconductor permitting bill, these actions will kickstart a new era of American innovation, create thousands of good-paying manufacturing jobs, and help address the supply chain issues driving rising prices for cars and consumer electronics worldwide. I’m glad President Biden signed the bipartisan bill into law and look forward to seeing the rapid expansion of semiconductor manufacturing and good jobs across our nation.”

As Co-Chair of the Cyberspace Solarium Commission and the Senate Semiconductor Caucus and a member of the Senate Armed Services Committee, Senate Select Committee on Intelligence, and Senate Energy & Natural Resources Committee, Senator King has been committed to advancing American competitiveness in 21st century technologies while improving national security and strengthening supply chains. He recently celebrated the passage of the CHIPS for America Act, a historic investment in the United States’ leading-edge technology manufacturing and scientific innovation. Along with advocating for more semiconductor manufacturing, King has been a leader in expanding 21st century broadband connections across America, and is one of the Senate’s strongest advocates for American energy storage technology.