Statement of SVLG CEO Ahmad Thomas on White House Announcement of $5 Billion in CHIPS R&D Funding

“Today, the Biden-Harris Administration announced it expects to invest over $5 billion in semiconductor-related research, development, and workforce needs, including in the National Semiconductor Technology Center (NSTC), to advance President Biden’s goals of driving R&D in the United States.

“SVLG is grateful for President Biden’s leadership on this critical issue. The U.S. must remain the global leader when it comes to semiconductor R&D, tech workforce, and manufacturing.

California is the heart of America’s innovation sector and remains well-positioned to offer the highest return on investment for federal funds. We urge the Biden Administration to seize the opportunity to strengthen our national and economic security by investing in the Golden State.

Additionally, we hope to see Governor Newsom and other state leaders help coordinate public-private partnerships, work with localities to accelerate projects and expedite reviews, and find creative ways to offer supporting funds for Golden State projects. California’s congressional delegation can also remind federal leaders that investing in our state would generate the biggest payoff for America’s semiconductor industry.

Our value proposition is truly unparalleled. On behalf of our member companies, SVLG will continue to collaborate with our federal, state, and local partners to advocate for a historic investment in California’s semiconductor industry.”

⸺ Ahmad Thomas, CEO of SVLG