Political Quotes

“Mr. Speaker, I rise today in support of the bipartisan CHIPS and Science Act. Just over 2 years ago, I joined Congressman McCaul to introduce the CHIPS for America Act to reassert American leadership in the strategically important semiconductor industry. I will admit, when Senator Cornyn, Senator Warner, Congressman McCaul, and I started this effort, a lot of Members would ask me: What are these semiconductors, and why are they so important? Well, I think it is clear this bill answers that question. Semiconductors are fundamental building blocks of the 21st century economy, and we simply cannot live without them. But since we started this effort, the global chip shortage has only grown more severe and the need for legislation more pressing. Thankfully, by passing the CHIPS bill today, we are sending a clear message: The United States is still the gold standard for innovation. I am glad we are acting today because other countries aren't waiting. They are making aggressive investments to try to surpass us. The European Chips Act sets a goal of reaching 20 percent of worldwide semiconductor production by 2030. In Asia, Korea and India offer 50 percent design credits, and Taiwan offers a 15 percent R&D credit. So, passing CHIPS gives us the tools we need to stay ahead of the pack. Bringing manufacturing and research back to the United States will have positive benefits in the short and long term.…”