A bipartisan group of 147 senators and House members have signed onto a letter to leadership in both chambers calling for quick action to approve the Creating Helpful Incentives for the Production of Semiconductors (CHIPS) for America Act, which would provide $52 billion in funding to help revitalize U.S.-based semiconductor manufacturing. […]

Sen. Gary Peters, D-Mich., chairman of the Committee on Homeland Security and Governmental Affairs, said on Sept. 15 that the United States’ supply chains are not resilient, and strengthening those supply chains is going to be critical for U.S. competitiveness going forward. […]

New legislation introduced by Sens. Ron Wyden, D-Ore., and Mike Crapo, R-Idaho, would create a 25 percent tax credit for investments in U.S. semiconductor manufacturing to boost domestic manufacturing of semiconductors and further the aims of a major push in Congress to stimulate domestic growth in that sector. […]