Paul Tonko: “I am very proud of the efforts that have been made by the House to advance COMPETES, an act that is about investment; a…”

“I am very proud of the efforts that have been made by the House to advance COMPETES, an act that is about investment; a bipartisan effort promoted with higher prioritization by the leadership of this House to address investment: investment in research, investment in workforce, investment in manufacturing. It is so important that we are now investing in research as the COMPETES Act requires so that we create the next generation of product line and chips. It is important to invest in that pipeline of workers that will have those precision-oriented skills in an innovation economy that requires such precision. It is important that we retrofit our manufacturing centers so as to compete and compete effectively. I am impressed by the fact that we have taken the strengths of so many committees and brought them into the forefront of COMPETES to make certain that we invest in the CHIPS for America Act. I have industries for microelectronics, and certainly the semiconductor industry that are hosted in the 20th Congressional District that I am honored to represent. They deserve and they require, more importantly, a partnership with the Federal Government. Those resources will be there with the passage of this bill as we bring together a consensus. We will invest in that $52 billion worth of investment for the chips industry, the CHIPS for America Act.…”