Whitmer Administration Hosts Congressional Leaders to Urge Passage of CHIPS Act

FOR IMMEDIATE RELEASE

July 22, 2022

Contact: [email protected]

 

Whitmer Administration Hosts Congressional Leaders to Urge Passage of CHIPS Act; Spotlight Crucial Financial Influence of Semiconductor Business

Governor Whitmer continues main the cost to face the chip disaster head on as CHIPS Act advances towards closing consideration within the U.S. Congress

LANSING, MICH – Because the CHIPS Act moved via the U.S. Senate this week, Governor Gretchen Whitmer and Lt. Governor Garlin Gilchrist II are once more urging full funding and swift passage of this essential invoice. This consists of the Lt. Governor becoming a member of a semiconductor roundtable in Taylor this afternoon with Home Speaker Nancy Pelosi, Congresswoman Debbie Dingell (MI-12), Congressman Dan Kildee (MI-05), Congresswoman Haley Stevens (MI-11), Congressman Andy Levin (MI-09), Congressman Pete Aguilar (CA-31), and key non-public sector leaders. If handed, the CHIPS Act would increase home chip manufacturing, shore up American manufacturing, and assist companies and staff throughout Michigan.

“The CHIPS Act would create and defend hundreds of good-paying, high-skill jobs in Michigan, decrease prices for working households, and present companies that america is the place to construct the way forward for automobiles, computer systems, and electronics. That is game-changing, bipartisan laws that can make an actual distinction in individuals’s lives if we get it executed, and it is the form of coverage that may set us up for many years of financial prosperity.” stated Governor Gretchen Whitmer. “We’ve an obligation to Michigan’s robust automotive trade and hardworking auto staff to get this executed and work collectively to construct a powerful home chip provide chain right here in Michigan and throughout the nation.”

The CHIPS Act presently being thought of would fund $52 billion in incentives to spice up home semiconductor manufacturing and analysis, $2 billion of which might be devoted to incentivizing manufacturing of the “mature node” semiconductors utilized by automakers and elements suppliers, because of advocacy from Michigan’s U.S. Senators Debbie Stabenow and Gary Peters. Mature node chips are additionally utilized in medical units, agricultural equipment like farm tractors and combines, in addition to radiation-proof chips required by our nationwide protection industrial base.  

“I used to be honored to welcome our nation’s foremost policymakers to Michigan at the moment to debate how we overcome the semiconductor chips scarcity and increase our state and nationwide financial competitiveness,” stated Lt. Governor Garlin Gilchrist II. “Via partnerships with semiconductor chip producers in our state, Governor Gretchen Whitmer and I’ve labored arduous to coach and develop Michigan’s workforce as we broaden semiconductor analysis, growth, and manufacturing. We stay up for Congress’ fast passage of the CHIPS Act, and we’re grateful for the Michigan congressional delegation’s work on this essential laws. Governor Whitmer and I’ll by no means cease working to place Michigan within the lead on this problem and make sure the applied sciences of the long run are made by high-skilled staff proper right here in Michigan.”

The CHIPS Act could be a significant step towards rising home chip manufacturing close to automakers and different producers serving to to spur innovation, cut back inefficiencies, and keep away from pricey delays. By securing a strong semiconductor provide chain within the state – anchored by present Michigan corporations together with Hemlock Semiconductor, SK Siltron CSS, KLA and Calumet Electronics – Michigan stands to draw long-term, sustainable investments from corporations around the globe.   

Governor Whitmer has been tackling the chip disaster going through U.S. manufacturing head on for greater than a 12 months. In April, she introduced Michigan would develop into the third state within the nation to develop a Semiconductor Apprenticeship Community Program, which is able to assist the SEMI Basis in addressing a scarcity within the semiconductor workforce.

Governor Whitmer additionally labored to safe a $302 million funding from SK Siltron, a brand new semiconductor wafer manufacturing and R&D facility, which is creating 150 jobs close to Bay Metropolis to assist electrical car progress and assist auto trade wants in-state. As well as, she facilitated the opening of a brand new facility by KLA, a high-tech, Fortune 500 agency specializing in techniques and software program integral to chip and electronics manufacturing which created 600 good-paying jobs in Ann Arbor. Michigan’s strong semiconductor expertise and processes can be supported by Hemlock Semiconductor and the College of Michigan, which is a worldwide chief in semiconductor R&D, design and training.

Michigan’s capability to assist the semiconductor trade extends from its deep data as a buyer of the sector and because the international epicenter of the automotive trade. The state is house to almost one-fifth of U.S. auto manufacturing—greater than every other state within the nation—and has the best focus of Unique Gear Producers (OEM) within the nation, with 26 having headquarters or expertise facilities within the state.   Late final 12 months, the Michigan Legislature, companies, labor, and utilities labored with Governor Whitmer to go bipartisan financial growth laws that helped Michigan land a $7 billion funding from GM creating and retaining 5,000 good-paying jobs, in addition to a $2 billion funding from Ford creating 3,200 jobs. Funding the CHIPS Act paves the way in which for comparable initiatives. The CHIPS Act will revitalize chip manufacturing and design within the U.S., resulting in extra transformational initiatives that can make investments billions into our communities and create hundreds of good-paying jobs.

Chip Disaster Influence

Semiconductor chips are a significant part of many merchandise utilized by individuals on daily basis. The worldwide scarcity of those chips, exacerbated by the pandemic and provide chain constraints, has impacted individuals and industries throughout the nation from auto manufacturing to shopper electronics, house home equipment, medical units, agriculture, protection and extra. These shortages have resulted in diminished manufacturing and in some circumstances, idled vegetation, impacting greater than 575,000 auto-related American jobs. In 2021, automakers in North America misplaced an estimated 2.2 million automobiles, equaling over 3,000 days of labor. 

This implies staff with much less revenue, greater costs on the retailer, much less merchandise for shoppers to purchase and an ever-growing dependence on overseas provides. In the long term, rising home manufacturing of chips will defend and create jobs, strengthen our provide chain, and develop the financial system. 

Absolutely funding the CHIPS Act will carry chip manufacturing again house, creating and defending hundreds of good-paying jobs, rising Michigan’s financial system, and reducing prices for households.

### 

 

https://www.michigan.gov/whitmer/information/press-releases/2022/07/22/whitmer-administration-hosts-congressional-leaders-to-urge-passage-of-chips-act

Next Post

Freight Logistics Market in Spain 2022-2026: Rising Reputation of Multimodal Transportation Propelling Business - ResearchAndMarkets.com

Fri Jul 29 , 2022
DUBLIN–(BUSINESS WIRE)–The “Freight Logistics Market in Spain 2022-2026” report has been added to ResearchAndMarkets.com’s providing. The freight logistics market in Spain is poised to develop by $ 5.39 bn throughout 2022-2026, accelerating at a CAGR of 4.26% through the forecast interval. The report on the freight logistics market in spain […]