ASIC Featured on CNBC: The Big Bet on Tiny Chips
ASIC members IBM and SUNY appeared on CNBC on April 22, 2022 to discuss ASIC’S mission to re-establish the United States as the global leader in semiconductor innovation.
During Squawk on the Street, IBM CEO Arvind Krishna spoke on why he has been a vocal advocate for federal investment.
The U.S. chip industry has fallen behind when it comes to fabrication. @ylanmui spoke with IBM CEO Arvind Krishna about the need for more aid. pic.twitter.com/5cKO1cy5fI
— CNBC (@CNBC) April 22, 2022
The Albany Nanotech Complex, home to researchers from IBM, SUNY Poly and others, is one of the world’s most advanced nanotech research facilities. Despite $15+ billion invested in the facility over a 20-year period, the United States continues to lag behind other nations in fabrication. Arvind noted, “The US could correctly take credit for inventing the semiconductor industry back in the 50s and 60s. And then all of the competitiveness in the 70s. So the fact that we lack manufacturing and we lack the leading edge nodes here is, to me, horrifying.”
According to recent research by the Biden-Harris Administration, 30 years ago, 37% of global semiconductor production was based in the US. Today, it is just a mere 12%.
Congress will be back in session from a recess next week. A top item on the agenda is a bill that would dedicate $52B to making more semiconductors in America. U.S. scientists invented the tiny computer chips, but most of them are now made in Asia. @ylanmui reports from New York. pic.twitter.com/Mev3GM1RI8
— The News with Shepard Smith (@thenewsoncnbc) April 22, 2022
The American Semiconductor Innovation Coalition has come together to advocate for legislation including the Innovation and Competition Act, which would make a robust 52 billion dollar investment in the domestic semiconductor industry and restore the United States as a leader on the international stage.
As SUNY Interim Chancellor Deborah Stanley stated, “This is another moonshot for us. We want to take back the position we’ve had in the world in the semiconductor industry.”
