August 09, 2022

National Electrical Manufacturers Association (NEMA) President and CEO Debra Phillips issued the following statement upon President Biden’s signing of the 2022 CHIPS and Science Act:

“The CHIPS legislation signed by President Biden marks another huge step in advancing our domestic capabilities to produce semiconductors, which should provide the electroindustry much-needed chips amid a severe global shortage.” 

“America has long been hailed as both a beacon of innovation and stronghold of manufacturing—and the electroindustry is leading the new, U.S. manufacturing renaissance. The CHIPS Act will help enable the electrification of our economy by solidifying our semiconductor supply chain.” 

“NEMA thanks the bipartisan members of Congress and President Biden for recognizing the critical importance of semiconductors to the electroindustry in the United States, which will help carve a path forward for America’s technological capabilities to continue to stand as the best in the world.”