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Letter to Chuck Schumer, Senate Majority Leader, Mitch McConnell, Senate Minority Leader, Nancy Pelosi, Speaker of the House, Kevin McCarthy, Minority Leader of the House - Addressing Rising Prices and Severe Supply Chain Issues, Sinema Urges Congressional Leaders to Continue Boosting American Semiconductor Investments

Letter

By: Ron Johnson, Mark Warner, Mitt Romney, John Cornyn, Marsha Blackburn, Ron Wyden, Rob Portman, Catherine Cortez Masto, Maggie Hassan, Ben Sasse, Steve Daines, Amy Klobuchar, Gary Peters, Debbie Stabenow, Bill Cassidy, Mike Crapo, Raphael Warnock, John Hickenlooper, Michael Bennet, Mark Kelly, David McKinley, Mike Gallagher, Gwen Moore, Marilyn Strickland, Jaime Herrera Beutler, Rick Larsen, Peter Welch, Gerry Connolly, Jennifer Wexton, Abigail Spanberger, Joaquin Castro, Michael McCaul, Jake Ellzey, Steve Cohen, Conor Lamb, Guy Reschenthaler, Susan Wild, Chrissy Houlahan, Brian Fitzpatrick, Earl Blumenauer, Suzanne Bonamici, Mike Carey, Troy Balderson, Shontel Brown, Mike Turner, Marcy Kaptur, Joyce Beatty, Chris Jacobs, John Katko, Paul Tonko, Mondaire Jones, Andrew Garbarino, Steven Horsford, Susie Lee, Dina Titus, Bonnie Watson Coleman, Mikie Sherrill, Tom Malinowski, Joshua Gottheimer, Chris Pappas, David Rouzer, Kathy Manning, Tom Emmer, Dean Phillips, Debbie Dingell, Andy Levin, Elissa Slotkin, Dan Kildee, John Moolenaar, Peter Meijer, David Trone, Lori Trahan, Andy Barr, Sharice Davids, Jim Baird, Raja Krishnamoorthi, Robin Kelly, Mike Simpson, Randy Feenstra, Ed Case, Nikema Williams, Darren Soto, Al Lawson, Jr., Jim Himes, Scott Peters, Juan Vargas, Mike Levin, Katie Porter, Young Kim, Salud Carbajal, David Valadao, Zoe Lofgren, Anna Eshoo, Ro Khanna, Jim Costa, Jerry McNerney, Doris Matsui, Jared Huffman, Greg Stanton, Tom O'Halleran, Mike Rogers, Kyrsten Sinema
Date: March 8, 2022
Location: Washington, DC
Issues: Economy and Fiscal

Dear Majority Leader Schumer, Speaker Pelosi, Minority Leader McConnell, and Minority
Leader McCarthy:

We write today in strong support of the bicameral agreement for the House and Senate to go to
conference on all titles of the United States Innovation and Competition Act (USICA). As
original cosponsors and supporters of the Creating Helpful Incentives for the Production of
Semiconductors (CHIPS) for America Act, we write today to urge you to preserve the full $52
billion included in USICA during the conference process to implement the CHIPS Act. Securing
this funding as soon as possible will help address severe shortages in the semiconductor supply
chain and reestablish American leadership in global semiconductor manufacturing.

From both an economic and national security perspective, it is imperative that the United States
rapidly expand domestic semiconductor manufacturing capacity. While the United States' global
share of semiconductor manufacturing capacity was 37 percent in 1990, that number has fallen to
an alarming 12 percent today. Without support, the United States risks falling further behind
other countries, most notably China. The funding and structural reforms included in CHIPS will
create a more resilient domestic semiconductor supply chain which will help prevent future
shortages that cause GDP drag, job losses, more expensive consumer goods, and national
security vulnerabilities. In addition, this vital funding will promote more secure technology
supply chains globally, including by advancing collaboration efforts between the U.S. and close
allies and partners on the adoption of secure and trusted products.

Fortunately, the $52 billion in emergency appropriations contained in USICA provides an
effective funding structure that will allow the United States to emerge from this crisis stronger.
This provision was already passed by the Senate on a bipartisan basis as part of USICA and has
the support of a broad and diverse coalition. We must move with urgency to secure this funding
to create well-paying jobs and support workers and their families at new and existing facilities.
The USICA conference process will allow important unresolved issues to be reconciled in a
bipartisan, bicameral way and we urge you to immediately begin negotiations to allow votes in
the House and Senate as soon as possible.

We appreciate your attention to this important matter and look forward to working with you to
reestablish American leadership in semiconductor technology.

Sincerely,


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