New York State Sen. Charles E. Schumer

Citing concerns that China is catching up to the U.S. in microelectronics production capacity, U.S. Senator Schumer today unveiled the American Foundries Act, a bipartisan initiative that seeks to reestablish U.S. leadership and revitalize innovation in the global microelectronics sector. Schumer explained that the bipartisan legislation would make critical investments in domestic commercial and defense-related microelectronics manufacturing and research and development, and address economic and national security concerns by decreasing U.S. dependence on foreign-made semiconductor chips.

Read more