Momentum Builds in Washington to Protect and Re-Shore Semiconductor Supply Chains
China Tech Threat
Both the Biden Administration and the U.S. Congress are focused on reducing the national security risk from China-based semiconductor supply chains.
On March 17th, a bipartisan group of members of Congress introduced the Facilitating American-Built Semiconductors Act (FABS Act), a piece of legislation designed to “drive long term investment into the United States for the design and manufacturing of semiconductor chips.” This is in response to the fact that, as the office of Congressman Mike Kelly notes, “As global competitiveness for semiconductor control has intensified, countries like Communist China have provided incentives to draw companies to manufacture semiconductors on their soil.”
