Other nations’ governments have aggressively promoted the development of semiconductor manufacturing, including through massive subsidies, fostering the development of major manufacturing operations overseas.
There is bipartisan consensus on the need to put the U.S. back on the path to leadership in semiconductor manufacturing industry, and we are confident that the federal government and industry, working together, can put the U.S. on a path to restoring our share of semiconductor manufacturing to greater than 30%. This is an ambitious goal, but it is a moonshot worthy of our nation.