Semiconductor industry association SIA has written a letter to US President Joe Biden, calling on him to include “robust” funding for semiconductor manufacturing and research during his term, noting how critical the sector is to the US economy, US tech leadership and national security. The association noted that the US share of global semiconductor manufacturing has declined steadily since 1190, to 12 percent from 37 percent. This means the US has grown “uncompetitive” in attracting investments in new fab construction and that the country’s tech leadership is at risk in the race for
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