Securing Semiconductor Supply Chains Act of 2023

Floor Speech

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Ms. ESHOO. Mr. Speaker, I thank the ranking member for yielding time to me, and I thank him for support of my bill, the Securing Semiconductor Supply Chains Act of 2023.

My congressional district was named for the materials that semiconductors are made of--Silicon Valley.

Mr. Speaker, 30 years ago, the United States manufactured nearly 40 percent of all semiconductors. Today, we produce only 12 percent. This lack of domestic semiconductor manufacturing poses a significant risk to our economy and national security.

The semiconductor supply chain is fragile, and it can be disrupted easily, with serious consequences to our daily lives.

To bolster domestic semiconductor production and reduce reliance on foreign suppliers, my legislation directs the Department of Commerce's SelectUSA program to develop strategies to attract investment in U.S. semiconductor manufacturers and supply chains.

It will leverage the considerable downpayment Congress made in the CHIPS and Science Act and expand opportunities for the private sector to invest in American manufacturing.

This bipartisan, bicameral legislation, along with the investments made in the CHIPS and Science Act, will bring the U.S. back to being number one in the world in semiconductor manufacturing and maintain leadership in technological innovation.

Mr. Speaker, I thank Congressman Pence for his partnership on this legislation, and I urge my colleagues to vote for it. This is a very good bill, and it is going to build on what we need to bring this manufacturing back to the United States and make us number one in the world.

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