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